First Time Homebuyer Programs in New Hampshire
Page 2The authority has established quite a number of programs in an attempt to assist low and moderate-income persons and families in the process of obtaining decent, safe and affordable housing. Among all of these programs, some of the most notable are the following:
a) Single Family Mortgage Program - This program is specially intended for first time homebuyers who are seeking for below-market interest rate loans that are payable for a maximum of 30 years. The program can also be used in conjunction with downpayment assistance programs which are also offered by the authority.
b) Cash Assistance Program - This program is designed to help borrowers secure downpayment and closing costs by allowing them to loan money on top of their primary housing loan.
c) New Production Initiative Program - This initiative is intended to enable developers to build affordable housing that complies with targeting requirements such as those which may be placed on projects by municipalities, thereby helping buyers access newly constructed affordable housing.
First Time Homebuyer Programs in New Hampshire
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Additional Resources
category - Home Buying Programs
Department of Housing and Urban Development's Dollar Homes ProgramThe Dollar Homes Program revolves around the process of selling single family homes for a superbly reasonable price of $1 (plus closing cost) to low-to-moderate income families, granted that these houses have been acquired through foreclosure by the Federal Housing Administration, and have already been actively marketed for at least six months and still remained unsold after that certain period of time.
Downpayment Assistance Program for the First Time Home Buyers in North Carolina In an attempt to contribute to the eradication of this problem, the North Carolina HFA has established the Downpayment Assistance Program for the First Time Home Buyers wherein they provide interest-free, deferred second mortgages up to $8,000 to cover the downpayment and closing costs of a chosen property.
Construction Incentive Program for First Time Home Buyers in New YorkThe State of New York cares so much about its people. It looks out for them and constantly ascertains that their best interest is always protected. One of the ways in which the state has manifested this concern is through the establishment of the State of New York Mortgage Agency, more commonly referred to as SONYMA, which is a public authority established in 1970 designed to provide reasonable and affordable home-ownership opportunities to low and moderate income New Yorkers, especially to first time home buyers.
First Time Homebuyer Programs in ArkansasThe Arkansas Development Finance Authority was primarily created to develop safe, decent and affordable housing for low and moderate income Arkansans. The authority's primary goal is to administer funding in the form of tax exempt bonds and other debt instruments through several programs which are divided into three main categories: Economic Development, Homeownership, and Affordable Rental Housing.