Home Buying in Rock Hill>Question Details

Kristen, Home Buyer in Rock Hill, SC

I would like to know what type of loans are available for a first time home buyer

Asked by Kristen, Rock Hill, SC Sun Jul 8, 2012

Are there special deals on down payments, interest rates, etc...

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5
There are many different types of loans for a first time home buyer. It is good to get with a local lender to find out the "special types" of loans that may be available in your area. Ask friends, family, or co-workers for a referral
0 votes Thank Flag Link Sun Mar 10, 2013
Just checking in to see if you had any more questions about financing or homes in the Rock Hill area. Give me a call
Abby Nelson
704-890-1860
abbynelson@bellsouth.net
0 votes Thank Flag Link Fri Aug 10, 2012
Good evening, Kristen:
The FHA insured loan is a good program for first time buyers. It requires a 3.5% down payment and Interest rates are very low in the 3.5 to 4% range depending on your credit score.. There is a lot of flexibility on the type of borrower and credit profile that can be approved. Generally, you need to meet the criteria on the Trulia Blog in the below weblink. If you do, there are a lot of different programs that provide down payment and closing cost assistance, down payment matching grants, federal HOME fund allocations and special loan programs that allow you to purchase a home with $100 down, $1000 down. If you are a teacher, firefighter, police or EMT/EMS professional, you can also purchase some homes for 50% below value. If you have a full time agent with a Masters degree in Planning with Finance and over two decades of experience, working for you, you will likely do better in negotiations. I'd be pleased to provide that service. ... if you appreciate this answer, please give it a "thumbs up", or if this was the most helpful answer, please say thanks with a "best answer" click .
0 votes Thank Flag Link Mon Jul 16, 2012
The down payments and interest rates of the loan for first time home buyer or any home buyer depends on the selection of area for home is the must because this factor as well earning of the person also matters a lot while going to buy home based on loan. As per the current trend, loan provider provides different types of deals on the down payments to attract more buyer toward them.
0 votes Thank Flag Link Sun Jul 8, 2012
There are several programs with some depending on your income or the location of the property you are wanting to purchase. USDA financing is 100% with no PMI. It is only available for certain areas and incomes. I would be happy to put you in touch with a lender that can answer all your questions based on your situation. 803 242-3814
0 votes Thank Flag Link Sun Jul 8, 2012
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