HomeReady First: Get Up to $7,000 Toward Your First Home

Built for First-Time Homebuyers

After years of skyrocketing housing prices and soaring rents, many first-time buyers feel locked out of the dream of homeownership. The HomeReady First program is here to change that, offering a much-needed boost in today’s challenging market.

What is the HomeReady First Program?

HomeReady First is a homebuyer assistance program designed specifically for first-time buyers who live in qualifying areas. It provides:

• $6,500 in down payment or closing cost assistance
• $500 appraisal credit

That’s a total of $7,000 in financial support to help make your first home purchase more affordable.

Why Choose HomeReady First?

With rising costs in both the rental and housing markets, saving for a down payment or covering closing costs can feel impossible. The HomeReady First program is tailored to alleviate those burdens, making it easier for you to transition from renting to owning your home.

Key benefits include:

• Reduced Upfront Costs: The program’s assistance can cover a significant portion of your down payment and closing costs, reducing the financial barriers to homeownership.
• No Restriction on Income or Property Location:
• Support for First-Time Buyers: HomeReady First is exclusively for those purchasing their first home, ensuring that you get the support you need.

How to Qualify

To benefit from the HomeReady First program, you’ll need to:

1. Be a First-Time Homebuyer: This means you haven’t owned a home in the past three years.
2. Live in a Qualifying Area: Check whether your desired property is in an eligible location.
3. Meet Financial Requirements: Eligibility may depend on factors like your income level and credit history.

Borrowers must reside in an eligible census tract within the Metropolitan Statistical Areas (MSAs) listed below:

• Chicago-Naperville-Elgin, IL-IN-WI
• Detroit – Warren – Dearborn, MI
• Philadelphia – Camden – Wilmington, PA-NJ-DE-MD
• Atlanta – Sandy Springs – Roswell, GA
• Baltimore – Columbia – Towson, MD
• Memphis, TN-MS-AR
• Cleveland, OH
• Brownsville – Harlingen, TX
• Dallas-Fort Worth – Arlington, TX
• Houston-Pasadena-The Woodlands, TX
• McAllen-Edinburg-Mission, TX
• Miami-Fort Lauderdale-West Palm Beach, FL
• New York-Newark-Jersey City, NY-NJ
• Oklahoma City, OK
• Orlando-Kissimmee-Sanford, FL
• Phoenix-Mesa-Chandler, AZ
• Riverside-San Bernardino-Ontario, CA
• San Antonio-New Braunfels, TX
• St. Louis, MO-IL
• Tampa-St. Petersburg-Clearwater, FL
• Washington-Arlington-Alexandria, DC-VA-MD-WV

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Getting Started

Taking advantage of the HomeReady First program is simple:

1. Contact Us: Reach out to our team to discuss your eligibility and learn more about the program.
2. Get Pre-Approved: Start the mortgage pre-approval process to determine how much you can afford.
3. Find Your Home: Work with a trusted real estate agent to find the perfect home in a qualifying area.
4. Claim Your Assistance: Use the $6,500 assistance and $500 appraisal credit to make your dream of homeownership a reality.

Don’t Wait—Your First Home Is Within Reach

The housing market may be competitive, but programs like HomeReady First are here to level the playing field. If you’ve been dreaming of owning your first home but felt held back by financial constraints, this program could be the solution you’ve been waiting for.

Start your journey toward homeownership today. Contact us to learn more about the HomeReady First program and see if you qualify!

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