Cowlitz County First Time Home Buyer Resources and Assisting Programs
Because of the mortgage crisis banks did tight up guide lines qualification to get loans and everyday, one way or another; we are reminded about how hard it is to get one. Well, this still true to some degree but we have been experiencing some positive changes lately and hopefully with newly signed "American Recovery and Reinvestment Plan" things get back to normal soon.
Despite everything that is going on out there it hasn't been a better times to buy a home in years than right now, especially for first time home buyers. According to experts, never before in history the right combination of things were available at the same time, lowest home prices in years, history low interest rates, high inventory of homes for sale including many foreclosures and short sales.
A variety of incentives and even 100% financing programs are available for first time home buyer but these opportunities are not for everybody only for those with steady income and good credit. Other opportunities like Owner Financing or Lease Option, just to name a couple, may work for those with a challenge credit but with good steady income. Contact me with any questions or to request a list of Owner Financing homes.
The following are some of the programs that I know of; there may be other one out there.
- First Time Home Buyer Tax Credit - this is an incentive of $8,000 offer to first time home buyers if they buy before December 1, 2009.
- Express Loan Program - This is 100% loan offered to first time buyers by the Washington Estate Housing Finance Commission.
- USDA Home Loan Programs - United States Department of Agriculture (USDA) offer variety of 100% loans to low and moderate income home buyers.
- Self-Helping Housing - a chance to help build your own home, a unique opportunity offered by CAP to families who qualify.
- Habitat For Humanity - Habitat for Humanity works in partnership with people in need to build or renovate decent, affordable housing.
Visit a first time home buyer tips article I wrote and learn more about buying a home.
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