FIRST TIME HOME BUYERS SURVIVAL RESOURCE GUIDE

Grand Rapids has been named the #1 place in the US for first time home buyers! As such, we have expanded our mortgage offerings to help as many first time home buyers as possible so they can achieve their dreams of home ownership. In addition, we strive to better assist buyers, so they can achieve cash in on current low prices, low interest rates, and find great properties in and around Grand Rapids, MI. Whether you are currently in the process of becoming a first time home buyer in Grand Rapids, or you are thinking about becoming a first time home buyer soon, we hope you find the information below helpful as you start to research the home buying process. If you have any questions along the way, just give us a call, we are always here to help! 616.774.9160

 

There are many different types of loans. We will help you select the one that best fits your needs. Interest Rates are specific to the borrower, not just to the day you apply or the company you choose. You do not need 20% down to purchase a home. Some down payment options start as low as 0% down.

FIRST TIME HOME BUYER CONCIERGE LINE

616.774.9160

COMMON LOAN TYPES FOR FIRST TIME HOME BUYERS

Although everybody has a different financial situation, here are some of the most popular and accommodating options.

FHA Loans are popular because they only require 3.5% down, and also have guidelines that are at times less stringent than conventional programs.

This is a great program for US veterans. The VA mortgage offers zero down payment, zero mortgage insurance, and low closing costs.

The main feature of the RD loan is that it requires zero down payment! There are location requirements, but not necessarily in the middle of nowhere!

FHA

FHA Loans are popular because they only require 3.5% down, and also have guidelines that are at times less stringent than conventional programs.

Veterans (VA)

This is a great program for US veterans. The VA mortgage offers zero down payment, zero mortgage insurance, and low closing costs.

Rural Development (RD)
The main feature of the RD loan is that it requires zero down payment! There are location requirements, but not necessarily in the middle of nowhere!

TIPS & RESOURCES FOR FIRST TIME HOME BUYERS IN GRAND RAPIDS

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