First-Time Homebuyer
Dallas could be making some headway toward its goal of providing mixed-income housing throughout the city thanks to a program from Bank of America. The program, which offers no down payment home loans for first-time homebuyers in Black and Hispanic neighborhoods, is one of the first of its kind. Such initiatives were identified in the…
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A new Zillow analysis shows that first-time buyers today need a year longer to save for a down payment than they did five years ago.
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A desperate reader, whose lease is up and apartment is already rented, could be left homeless if she doesn’t close on her home, but if she does go ahead and close, the repairs that the seller promised to do won’t be completed. Her Realtor said he’s willing to include the cost of repairs in the…
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Even amid growing concerns over affordability and inventory, Dallas-area small- and mid-sized cities remain some of the hottest in the country for first-time buyers. Just this week, McKinney, Frisco, and Allen took top honors in a new study by WalletHub, making them the three best housing markets in the United States for new homebuyers. Richardson…
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Every homebuyer faces a few hurdles along the way, but first-time buyers seem to have the most. Their inexperience, combined with a crowded market and sometimes time-consuming mortgage process, can make homebuying significantly more difficult for these new buyers. Fortunately, if you’re a first-time homebuyer, the process can go smoothly. Simply study up on the…
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