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Tashi, Home Buyer in Milton, MA

Is there any first time home buyers program in Weston?

Asked by Tashi, Milton, MA Tue Jul 22, 2008

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Hi Tashi, the first time homebuyers program that I am aware of in Weston has something to do with having a crap load of money and then having parents with another crap load of money. Good luck, Jon
Web Reference: http://www.bowenboston.com
1 vote Thank Flag Link Thu Jul 24, 2008
I took advantage of MA/Boston first-time homebuyer programs when I bought my condo in 2006. To qualify, you could not make more than $75K/year. Also, if you had lots of $$ in the bank or owned other real estate, you wouldn't qualify. For these reasons, I can't imagine how you could ever have enough money to purchase something in a community like Weston!
1 vote Thank Flag Link Thu Jul 24, 2008
Hi Tashi,
There are all sorts of first time home buyer programs run by different agencies and groups. You may want to check with Mass Housing which is a quasi public state agency that provides below market-rate mortgage financing for first time homebuyers. I believe that they run programs all over the state. For further information: contact Mass Housing at (617) 854 1000 or on the web at http://www.masshousing.com.
1 vote Thank Flag Link Wed Jul 23, 2008
Tashi,
With the average sales price over the last six months at just north of $1,600,000 in Weston, MA I would say that is a pretty darn aggressive goal for a first time home buyer! There may be some special financing programs available for first time home buyers (I'm not a mortgage professional), the extremely high average sales price will most likely keep the majority of "first time buyers" out of Weston
1 vote Thank Flag Link Tue Jul 22, 2008
http://www.masshousing.com is your best resource for first time home buying programs, they are not typically town based .. as was mentioned by the other agents, it is now extremely important to speak with your lenders / bank / accountant to find how what price point you can reasonable expect to afford
as well as in the steps you can take to maximize your position .. banks and lenders are extremely difficult at the moment so the earlier you can start this process the better positioned you will be to find your perfect starter home .. Options are available in Weston as well as Wellesley and the school systems in both of these communities are top notch, consistently tops in the state. Best of luck in your
search!

Regards,

Adam Esten
Gibson Sotheby's International Realty
0 votes Thank Flag Link Sun Jan 20, 2013
Web Reference: http://territory.com
0 votes Thank Flag Link Wed Jan 26, 2011
HI Tasha,

Weston is a great communtiy to live in and there may be a number of homes meeting your criteria. Meeting with a good mortgage agent is your best next step. Their guidance in learning about the different financing vehicles available and selecting the best one for you. Also think about considering Wayland or Wellesley as alternatives to Weston, if you have not already done so. Good luck and continue to seek good advice and counsel,

Kevin R. Heath
Gibson Sotheby's International Realty
Weston, MA
617-240-7154
Web Reference: http://www.marealtyzoom.com
0 votes Thank Flag Link Wed Jan 26, 2011
Hi Tashi,

Weston is an amazing town to live in, and perhaps raise a family. There are products available for first time home buyers, and before you go shopping you should consider speaking with a mortgage broker. Their guidence is valuable and they can help you become knowledgable about what options are available for first time home buyers. Weston does have high end homes, but at the moment there are many homes at attainable prices. It is a great time to buy in Weston!

Wendy Fox
Coldwell Banker/Weston
617-470-5033
0 votes Thank Flag Link Sat Nov 8, 2008
"A mortgage broker is the best person to help you find a product that fits your financing, oh, and the best part is - they are free."

What?! I just couldn't let this go! Since when is a mortgage broker free?!
Web Reference: http://www.bowenboston.com
0 votes Thank Flag Link Thu Nov 6, 2008
Hi Tashi, While it is true there are alot of high end homes in Weston, there are some great values available! This is an excellent community to live in and raise a family with outstanding schools. Feel free to call me to discuss!
Debbie
0 votes Thank Flag Link Thu Aug 21, 2008
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