First Time Home Buyer Program

The RI Rhode Island Mortgage Solutions .com Site has First Time Home Buyer programs available where you can apply online for a First Time Home Buyer Program or First Time Home Buyer Mortgage for a First Time Home Buyer Loan or you can call our 24 hour loan center at 1-800-331-4715. Our First Time Home Buyer programs for First Time Home Buyer Loans are available for the First Time Home Buyer who desires a First Time Home Buyer Program for borrowers to purchase a one thru four family, owner occupied home in Conne icut. We have a First Time Home Buyer Mortgage that does not require a down payment if you have a minimum credit score of 575. 100% financing is available and some of our programs allow you to roll in the closing costs as well so that you can go to the closing table without writing a check. Don't out off buying a home due to a lack of funds since there are many flexible loan programs to meet your financial situation. You should avoid any disappointment by getting a pre-approved mortgage. A pre-qualification is not sufficient because it is not a loan commitment. On the other hand a pre-approval involves making an application, submitting documentation and obtaining a formal pre-approval letter which is a commitment for a loan. You can apply online or you can call one of our Conne icut loan specialists and they will assist you in completing your loan application for a First Time Home Buyer Loan. Our 100% mortgage loans for the First Time Home Buyer is designed to offer homeownership opportunities to individuals with good credit but who lack the ability or desire to make a down payment on a home. This allows you to buy a home without any out of pocket expense, except for the appraisal and first year insurance policy. Our no down payment First Time Home Buyer Mortgage programs are usually based on a 80/20 combination mortgage which offers a convenient way to provide creative financing for a home purchase transa ion. This is a great financing product because it allows you to avoid the Private Mortgage Insurance or PMI. The first mortgage is always set at 80% of your purchase price and the second mortgage is set at 20%. We have a wide range of mortgage options on this loan, including fixed rate, adjustable rates, interest only and 40 year amortizations which lowers your monthly mortgage payment. We also have no income verification First Time Home Buyer Loan programs for both wage earners and self employed borrowers that cannot verify their income via traditional means. Our First Time Home Buyer Program is designed to allow borrowers to enter the home ownership market. This is advantageous in several ways. It allows you to build equity in a home and gives you additional income tax deductions which lowers your overall taxes. You should not pass up the opportunity to own because you feel that your credit is not good enough to qualify for a First Time Home Buyer Mortgage. Most lenders understand that there are circumstances in people's lives such as unemployment and medical issues which lead to a period of slow payment to creditors. We also available mortgage programs on a no doc or stated income basis and you can get a First Time Home Buyer Mortgage even if you previously owned a home. We will perform a analysis of your situation today and advise you on the best approach as a First Time Home Buyer and which First Time Home Buyer Program that will provide you with the best First Time Home Buyer Mortgage or First Time Home buyer Loan for your particular situation. >>>>read more\