According to the National Association of Realtors ⓒ Research Group:
- More than any other age group, 70% of younger millennials (ages 24-32) are first time homebuyers.
- 21% of Gen X were also first time homebuyers.
- First-time buyers made up 26% of all homebuyers.
Clients are typically considered eligible for first time homebuyers loans and benefits if they haven’t owned their main residence within the past 3 years. The down payment assistance programs from Southeast Home Loans allow for leniency and understanding.
It can be a significant challenge for first-time homebuyers to save up for a down payment. That’s why Southeast Home Loans offers various down payment assistance options to reduce the upfront costs of purchasing a home.
There are multiple programs and grants available to help out first time homebuyers. Our consultants can determine the eligibility requirements of certain programs or grants to best suit individual needs. We also offer our very own HomePath Advantage Loan program.
