Buying your first home is an exciting milestone, but it can also be a complex and daunting process. EducateHomeBuyers.org free classes will help you navigate the journey from saving for a down payment to closing on your dream home.

Understanding First-Time Homebuyer Status

A first-time homebuyer is typically defined as someone who hasn’t owned a home in the last three years. This definition can open opportunities for those who may have owned a home in the past but are re-entering the market after a hiatus. Even if you’ve owned an investment property or a mobile home not permanently affixed to a foundation, you may still qualify as a first-time buyer.

Benefits of Being a First-Time Homebuyer

As a first-time buyer, you may be eligible for several benefits:

Special Loan Programs: NewRez Home Loan Division (NMLS 3013) with Curt Tiedeman (NMLS 35554) offer mortgages with lower down payments and more favorable terms for first-time buyers.

Down Payment Assistance: We participate in Washington State’s down payment assistance programs that can help you keep more money in your pocket when purchasing a home using their programs.

Lower Private Mortgage Insurance Cost – learn about reducing PMI costs as a first-time home buyer by attending a free class online with www.EducateHomeBuyers.org

Stay tuned for more articles about “Preparing for Homeownership”!