Important Questions for Your Mortgage Lender
The 4th quarter 2015 Homeownership Program Index (HPI) found that there are now 2,406 homeownership programs available and 84 percent currently have funds available to prospective homebuyers, down one percent from third quarter.
The HPI found 63 percent of programs include a first-time homebuyer requirement. First-time homebuyers are defined as a buyer who has not owned a home in the past three years.
Across 15 percent of homeownership programs, specific incentives are available for community heroes. These programs include special benefits for veterans, educators, protectors, firefighters, healthcare workers and disabled homebuyers.
Read the full index including state-by-state data.