First-time home buyers enter a confusing and complicated process while they attempt to complete what is likely the largest purchase they’ve ever made. If you’re on that journey, you’ll want to know that you are entitled to exclusive benefits, including low down payments, credit-score flexibility, grants, and home-purchase assistance.
What is a first-time home buyer?
To qualify for special home buyer benefits, borrowers purchasing a single-family home as a primary residence are defined as “first-time home buyers” in one of three ways: