That is why the B.C. government introduced late last year a loan program to. Aimed at helping first-time buyers get a downpayment faster to get into the housing market, the three-year program.
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There are loan programs that cater to first-time home buyers, such as the FHA loan, which allow for down payments as little as 3.5%. Even some conventional loans allow for down payments as low as 3 percent.
There are loan programs that cater to first-time home buyers, such as the FHA loan, which allow for down payments as little as 3.5%. Even some conventional.
However, many other options exist for people-especially if they're first-time homebuyers. An FHA loan, for example, only requires a 3.5%.
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This is nothing new, as first-time homebuyers have dominated the mortgage market for the past 10 years, but the latest data shows that gap actually continues to grow, according to the report. The.
First-time buyers might get a mortgage from the first (and only) lender or bank they talk to, potentially leaving thousands of dollars on the table. "A good mortgage loan officer can look at your.