– The definition of “first-time buyer” generally means a borrower who has not purchased a residential property within the past 3 years. So technically speaking, you could qualify for a first-time buyer program even if you have purchased a home before. If you think a first-time buyer program may help you get into your first home, ask your.
· Buying a home has costs associated with it. One major one is the down payment. Some loan programs have a zero down payment requirement.
Our opinions are our own. The Pennsylvania Housing Finance Agency offers down payment and closing cost assistance to first-time home buyers in the Keystone State. The PHFA also provides mortgage loan.
Steps to Buying a Home | CA Housing Finance Agency – Attend a homebuyer education course if you are a first-time homebuyer. If you are a first-time homebuyer, and have been pre-qualified, you must attend a homebuyer education course. This education will help you understand the importance and responsibilities of homeownership. In order to obtain a CalHFA home loan, your loan officer must produce.