I had a new (to us) lender call on us this week. They have a program which offers a $1400 credit to a first time buyer at closing.
This is from their bank, not a grant or additional interest rate. Of course, you can still negotiate to have the seller pay up to 3% of the purchase price for buyer’s closing costs if needed. This $1400 credit would be in place of some of this, so it would save the buyer some money in the long run. Contact one of us at Advantage Real Estate to explain more! (They define a first time buyer as not having owned a house for 36 months…)