Financing Changes for First-time Homebuyers

By Brian French
Posted Monday, Mar 14, 2011

Today's market may be changing for first-time home buyers. There seems to be some new guidelines to follow and financing has become much more difficult for those parties putting less money down to purchase. We have seen the financing piece become difficult not only for first-time home buyers but the move-up buyer as well. A recent article on Yahoo Finance talks about new rules that are making it more difficult to obtain financing. New Rules for First-Time Home Buyers.

Financial Future for Home Buyers

We have seen the financing piece become difficult not only for first-time home buyers but the move up buyer as well. Banks and mortgage companies have changed the game and are no longer offering unrealistic deals for buyers. It is back to the basics almost to the point that it seems like they are being too conservative with their guidelines in some instances. If you are a first-time buyer and would like to discuss your home buying options, contact us with your questions and we'll be happy to walk you through a stress-free buying process.