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| Real Estate Terms -> What are Government Home Loan Programs |
Government Home Loan Programs
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What are Government Home Loan Programs? |
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For years the government has understood that unless we can bring in 1st Time Buyers to the real estate market, the entire market will fail. In fact, 1st Time Buyers have made up about 40% of all buyers throughout the country. After all, if you a are a home seller selling a moderately low priced home, most of the home buyers who will want your home will be 1st Time Buyers. If you take those buyers out of the market, who will buy the lower priced homes so that those sellers can buy their second or third homes? Therefore, the government has been very active in creating special programs designed to get more 1st Time Buyers, Moderate Income Buyers and Low Income Borrowers into the market. These programs will include Silent Seconds, Shared Equity, MCC, CHBP, FHA, VA, CalHFA, and many more. |
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