Armed with this information you'll be educated on the many financial programs and benefits available for home buyers in the United States. Your next step will be to connect with a full time professional LGBTQ+ Realtor at GayRealEstate.com for a conversation about additional programs and resources available in your State and City!
- FHA Loans: Federally backed by the Federal Housing Administration, these loans are designed for first-time homebuyers and offer low down payments and relaxed credit requirements.
- USDA Loans: The U.S. Department of Agriculture offers loans to low-income buyers in rural areas.
- VA Loans: Provided by the Department of Veterans Affairs, these loans offer favorable terms and no down payment to eligible military members and veterans.
- Good Neighbor Next Door Program: This program offers substantial discounts to law enforcement officers, firefighters, and teachers who are first-time homebuyers and willing to live in designated revitalization areas.
- First-Time Homebuyer Tax Credit: A tax credit for first-time homebuyers, typically in the form of a one-time credit for a portion of the mortgage interest paid.
- HomePath Ready Buyer Program: This program from Fannie Mae provides first-time homebuyers with education and assistance in the home-buying process and a 3% down payment discount.
- HomeReady Mortgages: A program from Fannie Mae that offers lower down payments, more flexible underwriting guidelines, and a variety of other benefits to first-time homebuyers.
- State and Local Homebuyer Assistance Programs: Many states and local governments offer various homebuyer assistance programs, including down payment assistance, closing cost assistance, and more.
- Energy-Efficient Mortgage: An FHA loan that provides additional financing for energy-efficient upgrades to the home.
- Fannie Mae HomeStyle Renovation Loan: A loan that provides financing for both the purchase and renovation of a home, offering a convenient and cost-effective solution for first-time homebuyers.
Note: These programs vary by state and eligibility criteria, and some may have income limits or other restrictions. It is best to connect with an agent at GayRealEstate.com for specific details and availability in your area.
