Most first time homebuyers lose thousands of dollars because they are not aware of the first time homebuyer programs available to them. The reason is because real estate companies and mortgage companies/lenders are required to qualify and comply with the requirements of these programs. These take extra effort, time and money. Some or most of them may not even have the resources to qualify for it. As a result, there are only a few real estate companies and mortgage brokers/lenders who can offer these programs. And if your real estate agent or mortgage broker/lender does not offer these programs, you may never find out about it.

So it is very important to know all of the First Time Home Buyer programs that you are entitled to. Some programs offer No Money Down at super low interest rates. Some programs offer grants (which are giveaways and not to be paid back) for down payment or closing costs. Some programs offer discounts on your monthly payments that can amount to thousands of dollars in savings year after year. Some programs offer money for down payment at zero interest and you can pay them back whenever you sell your home. The combined benefits of all these programs are worth thousands of dollars in savings for you.