First Time Home Buyer

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The First Time Home Buyer

Buying a home for the first time can be an overwhelming and intimidating process. But it doesn't have to be. If you do your research, you can alleviate some of those first time home buyer fears and make the process go more quickly and smoothly.

Contents at a Glance

The Latest News on First Time Home Buying
First Time Home Buyer Grants
P.S. If you buy something from this page...

Best Selling Books for the First Time Home Buyer
First Time Home Buyer Tip on YouTube
First Time Home Buyer Resources

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The Latest News on First Time Home Buying

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First Time Home Buyer Grants

A first time home buyer grant is a grant specifically for/targeted at those buying their first home — perhaps a starter home. Like other grants, the first time home buyer does not hold an obligation to repay the grant. In this respect, it differs from a loan and does not incur any debt or interest. Grants can be given out by foundations and governments. Grants to individuals can be either scholarships or donations.

First time home buyer grants are typically awarded based on a few criteria, primarily financial need and income qualifications. Many states have initiated grant programs to help lower income residents with the purchase of their first home. The United States Department of Housing and Urban Development (HUD) also provides grants to first time home buyers.

Funding for various state first time home buyer grants is nearly always available. In fiscal year 2006, only two states exhausted their budgets for first time home buyer grants. A similar program is on offer in Australia, where First time home buyers can receive a $7000 once off payment. See Wikipedia, First Time Home Buyer Grants. For more information, see First Time Home Buyer Grant Information.

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Best Selling Books for the First Time Home Buyer

The First-Time Homeowner's Handbook: A Complete Guide and Workbook for the First-Time Home Buyer (Book & CD-ROM)

by: Atlantic Publishing Company

Amazon Price: $14.93 (as of 07/12/2009)

The Complete Guide to Your Real Estate Closing: Answers to All Your Questions - From Opening Escrow, to Negotiating Fees, to Signing the Closing Papers

by: Sandy Gadow

Amazon Price: $17.95 (as of 07/12/2009)

100 Questions Every First-Time Home Buyer Should Ask: With Answers from Top Brokers from Around the Country

by: Ilyce R. Glink

Amazon Price: $13.57 (as of 07/12/2009)

Eyes Wide Open:: A Mortgage Guide For First Time Home Buyers

by: Starla Barnhill

Amazon Price: $24.95 (as of 07/12/2009)

First Time Home Buyer: E-Z Reading

by: Carnell Bellamy Sr.

Amazon Price: $9.00 (as of 07/12/2009)

10 Steps to Home Ownership: A Workbook for First-Time Buyers

by: Ilyce R. Glink

Amazon Price: $13.50 (as of 07/12/2009)

The Home Buyer's Advisor: A Handbook for First-Time Buyers and Second-Home Investors

by: Andrew James McLean

Amazon Price: $19.95 (as of 07/12/2009)

How to Get on the Property Ladder: The First-Time Buyer's Guide to Escaping the Rent Trap and Owning Your Own Home

by: Ajay Ahuja

Amazon Price: (as of 07/12/2009)

Home Buying For Dummies, 3rd edition

by: Eric Tyson, Ray Brown

Amazon Price: $14.95 (as of 07/12/2009)

Mortgages For Dummies, 2nd Edition

by: Eric Tyson, Ray Brown

Amazon Price: (as of 07/12/2009)

First Time Home Buyer Tip on YouTube

Program Aims To Help First-Time Home Buyers

A nonprofit group in Sacramento is offering advice for those looking to buy a home for the first time.

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First Time Home Buyer Resources

Buying a Home - HUD: Housing and Urban Development. Help for first time home buyers.
Tips for First-Time Home Buyers - How to Buy Your First Home: Buying a home for the first time can be overwhelming for many first-time home buyers because few home buyers know where or how to begin the search to buy a home. The first home buying step should be to align yourself with a pro who has experience working with first-time home buyers and can show you the ropes.
Tips for First-Time Home Buyers (Consumer Action: Personal Finance) | SmartMoney.com: Some new programs are making things easier for first-time home buyers. Here's a guide.
First Time Home Buying Guide: A bit of guidance for the first time home buyer.
Home Owning Benefits: The benefits of owning your own home.
Home Buying Blunders: Mistakes to avoid when purchasing your first home.
Seven First Time Home Buying Tips: Tips for first time home buyers.
Why Rent, A Story: A story about renting, versus owning your own home.
Buying Versus Renting: The pros and cons of buying and renting.
Home Buying Process: The home buying process for first time home buyers.
Small Budget Properties: On a tight budget, consider reading this.
Start Your Home Search: Consider this read prior to starting your home search.
First Time Home Buyer Loan Program: Whether you're a first time home buyer or simply starting over, a First Time Home Buyer loan can help...
How First Time Home Buyer Loans Work - Disadvantages of Using a First Time Home Buyer Loan Works: First time home buyer loans allow buyers to get into a house more easily. However, just because you are a first time home buyer does not mean you should use a first time home buyer loan...
First Time Home Buyer Mortgage Credit Score: You are probably running into a lot of terms and expressions that you are not familiar with. Add that to the anxiety of trying to get a mortgage, and this could be a downright stressful time for you...
First Time Home Buyer Information: Buying a home for the first time can be an overwhelming and intimidating process. But it doesn't have to be...
First Time Home Buyer Mistake: Buying a home can be a confusing and complicated process, especially for a first-time home buyer. But if you follow these tips, you can make sure things go as smoothly as possible...

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Shadoze wrote...

Learn all you possibly can about mortgages before applying for one. I didn't know much, so when I was told that I had to come up with a 20% down payment, I didn't think much of it. I had some cash to put down on the house, but not nearly the 20%. In order to come up with the rest of the money, I took out a loan from my 401K. Turned out, I would not have had to do that. The cash I had on hand would have been enough, and my retirement money would still be growing.

Posted April 25, 2008