There are Federal, State, and County funds that you can tap into, depending on your income and family size. The first thing that you need to do is find a lender who specializes in first time home buyer programs, and work with them. Some lenders only work with straight out loans, and this can cost you thousands of dollars. Usually, it’s the big banks that won’t bother with them. There are some excellent Lenders who are local, and who count of offering the best service to their clients, and this includes finding the most money for them that is free, and will help them get into a home that they love.
Also, not all Realtors want to bother with first time home buyers. It does take a little more time, more effort, and/or they are not informed about the available funds and programs. Make sure that you ask your Realtor if they are familiar with current programs and funds for first time homebuyers, and what experience they have in working with them. It can make a huge difference to your downpayment, rebates at tax time, and closing costs.
Why Jane is so Passionate about First Time Home Buyer Programs
Jane McMullan Cooper, owner of Home Advantage Real Estate has been working with first time homebuyer’s for nearly 14 years. Her passion for this is strong, since she herself was a first time homebuyer before she was a Realtor, and before she had internet. She traveled to Indianapolis after reading a newspaper article, to gather all of the forms needed for her local bank to get signed up, so that she and others could benefit from the Mortgage Credit Certificate (MCC) program. This gained her $12,000 over a six year period, and enabled her to buy more house at the time. This program is still around today, and some lenders are signed up for it all ready in Northwest Indiana. You can be sure that Jane knows who they are.
To get started, call local lenders, or call Jane M Cooper to find out which lenders work a lot with first time home buyers. Jane is never too busy to talk to you about this, and she only refers those who are equally as passionate about saving people money, and helping either get into their first home, or helping those who because of the recession have not owned a home in 3 or more years.
Who to Call First
You can always reach Jane at 219.508.3598. Office 219.531.8700. Office address is 601 E. Lincolnway, Valparaiso Indiana. She covers the entire Northwest Indiana area. www.YouPay2.co