1st Time Homebuyer Mortgage
Best Rate Mortgage offers a variety of 1st Time Home Buyer Mortgage Programs for residents in Massachusetts. The 1st Time Home Buyer Mortgage Programs offered by Best Rate Mortgage are both simple and affordable.
1st Time Home Buyer Mortgage programs generally allow for only a 3% - 3.5% down payment. Generally speaking, with a credit score of 620 or better, a 2 year job history, and $3000 or more in savings, we can get you into a home. 1st Time Home Buyer Mortgage Programs are most commonly consumed or backed by Fannie Mae, Freddie Mac, or FHA. By calling 617-921-2153 or emailing PREAPPROVAL@BESTRATEMONEY.COM today, one of our licensed Mortgage Originators will educate you on your options. We are available 7 days a week!
When considering a 1st Time Home Buyer Mortgage it is important to understand the costs associated with your new home. 1st Time Home Buyer Mortgage Programs are like most other Purchase Mortgage Programs in that they are comprised of both up-front costs and recurring costs. 1st Time Home Buyer Mortgage Programs Massachusetts contain Up-Front Costs consisting of Closing Costs, Prepaid Interest, and Escrows for Taxes and Insurance. The Recurring Costs associated with Home Ownership and 1st Time Home Buyer Mortgage Programs Massachusetts include your Monthly Principle and Interest Payment, Monthly City Tax Payment, Monthly Homeowners Insurance Payment, Monthly Mortgage Insurance Payment, and Monthly Condominium Association Payment if applicable.
1st Time Home Buyer Mortgage Programs make home ownership possible! Take advantage of these programs and start building equity today. With a little bit of savings, you can own your own home and never pay rent again.