3 Helpful Tips for First-Time Homebuyers

Trying to buy your first home? If you’re worried about affordability today or the limited number of homes for sale, these tips can help.

1) Look into Homebuyer Programs

There are a lot of programs out there that can help with the initial costs of homeownership.

In fact, there are more than 2,000 down payment assistance programs alone.

2) Expand Your Search Area

With so few homes on the market, widening the scope of your search to include nearby areas could help you find more options in your budget.

3) Consider a Multi-Generational Home

Purchasing a home with friends or loved ones can help make it easier to afford a home.

“Buying a home with another person has some obvious advantages… With two incomes in the mix, buyers can likely qualify for a larger mortgage – a big help in today’s high-cost market.”

Money.com

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