Buying your first home is often challenging, but that does not mean it is impossible. In fact, there are quite a few options that will make it easier to achieve your dream. Here are a few first-time home buyer programs we think are worth considering.
#1. Good Neighbor Next Door
Sponsored by The United States Department of Housing and Urban Development (HUD), the Good Neighbor Next Door (GNND) program allows teachers, firefighters, police officers, and first responders to purchase homes in revitalization areas at half price. The only catch is that you must commit to living in the home for at least 36 months. After that time, you are free to sell your home and keep the profits. In addition, you only need $100 down if you already qualify for any FHA-insured mortgage.