(MENAFN Editorial) Buying a home is a dream for many people but one of the most frightening yet happiest moments for every first time home buyer. However, this dream can become a distant one if you don't educate yourself more about the first time homebuyer programs that are available. To fill this void, Drew Mortgage Associates, Inc. has come up with vital information about available first time home buyer programs, so that first time home buyers are well informed about the loans they qualify for.
HomePath Ready Buyer Loans, FHA Loans, and USDA Loans are examples of suitable loans for first time home buyers.
HomePath Ready Buyer Loans are available only on Fannie Mae-owned properties, which are move-in ready. This loan creates an affordable housing option for low, moderate, and middle-income Americans.
An FHA loan is a mortgage that is insured by the Federal Housing Administration (FHA). This loan is popular among first time home buyers. Low down payments are available for those with a low credit score.
USDA Loans are issued by qualified lenders and backed by the U.S. Department of Agriculture (USDA). This loan is provided to eligible low-to-moderate income homebuyers to encourage affordable homeownership in eligible rural areas of the United States.
Douglas Rawan, Owner, Drew Mortgage Associates, Inc. said, "Our dream is that every first time home buyer owns their dream home. We make sure that we provide updated information to first time home buyers on our radio show, website and blogs, which will teach first time home buyers about the buying process."
Greg Deschenes, Senior Vice President, Drew Mortgage Associates, Inc. said, "Every first-time home buyer deserves their dream home. USDA Loans, FHA Loans, and HomePath Ready Buyer Loans are all great choices for first time home buyers."
Buying your first home is a big decision and choosing the wrong loan can ruin the home-buying experience for you. Choosing the right mortgage loan can help you save a lot of money so you dont strain your finances. First time home buyers should stay in touch with their mortgage lender so that they can be informed about important changes to mortgage loan programs.
About Drew Mortgage Associates, Inc. :
Drew Mortgage Associates, Inc. is a mortgage company in MA that provides mortgage loans refinancing. Our loan officers will guide you through the process. We will assist you throughout the mortgage process, keeping you updated on your status. We are the most preferred mortgage lender in MA.
Name: Douglas Rawan Company: Drew Mortgage Associates Inc
Telphone: 978-750-1080 , - Address: 1 Mt Pleasant Drive
Peabody, MA 01960 Email: