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| Real Estate Terms -> What are Lender Programs |
Lender Programs
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What are Lender 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? Not only are there Government Programs designed to help this vital part of the market, the CRA has given great incentives to banks and lenders to create their own programs. These programs include 100% Financing, Lender Rebates, easier qualifying loans, and lower interest rate programs. |
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