I’ve Never Bought A Home...
What Do I Do?

So! You're a first-time homebuyer. That might seem to be a bit scary...but there is help for the First Time Buyer.

Are there special programs that will help First Time Buyers become homeowners? The answer "possibly, yes".

There are county and state "bond" programs available to assist qualified individuals and families in purchasing a first home.

Your Group One REALTORS® is your consultant and will assist you to determine which program you may be able to qualify for and might work best for your particular circumstances. There are maximum income eligibility requirements as well as property requirements for each of the first-time buyer programs.

CCCIC Down Payment Assistance Program offers a deferred, forgivable loan up to $3,000 at 0% interest for use as downpayment and/or closing costs and has an income limit based on 80% of median income as established by HUD and adjusted for family size. EXAMPLE: a family of 4 would have an annual income limit of $37,600 based on 2004 income. (Note: income limits are established by HUD and are subject to change without notice.)

Mortgage Credit Certificate Program affords a higher income limit of $52,670 for a family of 3 or more. This program provides a 25% tax credit based on interest paid and taxes owed to IRS. ($2,000.00 maximum tax credit).

Other programs are available and require Seller financial assistance.

Additional information which will answer frequently asked questions from First-Time Buyers as addressed in our Group One Real Estate website.

Your are also encouraged to come by our offices or call Group One to speak with one of the REALTORS®. We are here to assist you in buying your first home...and every one thereafter!