First time home buyers make up 34% of all buyers and have the greatest lifetime value to your real estate business.
The best part, for you, is that you have a new listing to ATTRACT first time buyers! The PERFECT listing to attract first time buyers includes the following:
Asking price 90% or less of median home prices
Property taxes 80% or less of average*
3+ Bedrooms
2+ Bathrooms
FHA Eligible**
Your Listing: FHA Eligible
Fannie Mae HomeReady® Eligible***
Your Listing: Fannie Mae HomeReady® Eligible
Freddie Mac Home Possible® Eligible***
Your Listing: Fannie Mae HomeReady® Eligible
Down Payment Assistance Available
Eligible for Down Payment Assistance
*Property taxes based on average of 1%.
**Citywide Home Loans, LLC is an FHA Approved Lending Institution and is not acting on behalf of or at the direction of HUD/FHA or the Federal government.
***HomeReady®& Home Possible® eligibility based on a max housing ratio of 40%,income limits set by Fannie Mae & Freddie Mac, effective property tax rate of .7%/yr, homeowners insurance rate of .4%/yr, MI rate of .8%/yr, 97% LTV at 6% interest rate.