Yes there are a number of programs that can be beneficial to first time buyers.
The Homebuyer Advantage Program
If you’re a Pennsylvania home buyer, whether this is your first home purchase or not, the Homebuyer Advantage Program is a great loan to consider. It’s designed to make owning a home more accessible and more affordable, yet many buyers simply aren’t aware of this loan. At BMC/Keystone, we have experience with this program.
Low Down Payment Loans with Below Market Rates
If you’re a first time home buyer, a veteran, or if you haven’t owned a home in over 3 years, this program can make buying a home considerably more affordable with minimal money down, a below market interest rate, and/or some closing cost assistance. For many Pennsylvania buyers, programs like these make the dream of home ownership a reality. BMC/Keystone has experience with this program.
BorrowSmart Downpayment Assistance Loan in Pennsylvania
The Borrower Smart program is a Freddie Mac mortgage program designed to make homeownership more accessible to first time buyers. Because coming up with a down payment is one of the biggest obstacles first-time buyers face, this program helps by offsetting some of their out-of-pocket closing costs with a lender credit.
BMC Keystone has a lot of experience with different loan types and we know how to customize a loan to suit your financial position, from down payment assistance, structuring a seller assist into the offer, and exploring your eligibility for government grants or forgivable loans. Please schedule a free consultation to discuss.