Buying a home for the first time is an exciting prospect, as having your very own place where you can do whatever you want with is an extremely appealing goal. This excitement is tainted by the fact that buying a home is also a very complicated process that involves a lot of financial decisions. Knowing where to start and who to talk to will go a long way towards smoothing the path towards owning your first home. A 1st time home buyer loan in Asheville NC can help you get your new home.
Loans for a 1st Time Home BuyerThere are many different kinds of loans so it is important to do your research and make sure you choose one that will be the most suitable for you on your journey to becoming a first-time homeowner. The good news is that there are a few loans that are specifically designed for those who are just starting out with buying a home. One of the more popular 1st time home buyer loan options in Asheville NC is the FHA loan, backed by the Federal Housing Administration. This loan is great for anyone who is working with a lower income or lower credit scores. It only requires a very small down payment. A USDA home loan is another great option which requires zero down payment. This loan is fantastic for first time home buyers who are looking to buy a home in a rural area.