We Love First-Time Homebuyers

Reaching for the American dream of homeownership is an exciting time.  As a first-time homebuyer, even if you have little money saved, you still have options. There are many great First-Time Homebuyer Programs available today, many with zero down payment. Most programs require that the borrower has decent credit, as well as a stable job with documentable income.

Buying and financing your first home may seem a little confusing, which is why RFMT offers our FREE Homebuyer’s Webinar to walk you through the process and answer your individual questions. Our goal is never to simply “push someone through” the process. We are always available to answer your questions so that you can be confident in both your decisions and in ours.

Benefits of Buying Your First Home

• Stop paying your landlord’s mortgage, and start paying your own instead.
• Build equity in your home so you have something to show for your monthly payments.
• Uncle Sam encourages you to own a home by offering tax advantages.
• No more wondering how much the next rent increase will be.

Most Popular Loan Options

Conventional Loan

• As little as 3% down payment with excellent credit.
• Fixed rate.

USDA Rural Housing Loan

• No money down.
• The seller, your relatives, or your friends may pay your closing costs.

FHA Loan

• Only 3.5% down payment.
• The seller or your relatives may pay your closing costs.
• No income thresholds.

VA Loan

• No money down.
• No monthly mortgage insurance (PMI).
• Available to eligible Veterans and active military members.

Adjustable Rate Loan

• Lower initial payment is great for home buyers planning on selling and moving after 3 to 7 years.

If you have any questions, don’t hesitate to reach our to Rebecca Foote Mortgage Team at (717) 609-4044. We are happy to answer your questions and would love to work with you!