After building my funds up I’ve decided to take the plunge into home-ownership for myself and in the process jump into landlording. Problem is my previous “youthful ambition” has caught up with me. A couple of “businesses” gone wrong, coupled with a dead car and other “life complications” has given my credit a nice kick to the gut.
I’ll technically be a first time homebuyer and i’m intending to take the plunge in february. I know the process in and out, but as far as the incentives to a “first timer” I’m pretty much clueless. My question is posed to those who work regularly with conventional lenders. What sort of incentives, programs, etc. do you see on a daily basis that you would suggest a first time buyer go for? I’ve heard of everything from “gift money” from the lender to matching funds, to grants from HUD. Its a lot to take in when you plan to keep it for youself. Any ideas on a direction to take?
T.J.