The DiRoberto Team
RE/MAX Advantage I | 508-459-5522 | dannydiroberto@gmail.com


Posted by The DiRoberto Team on 7/23/2017

Whether you’re a first-time homebuyer or someone who has previously owned a home at some point in their life, you most likely know how expensive buying a house can be.

Fortunately, there are many organizations who would agree and who seek to help qualified buyers. There are a number of programs available at the state, local, and federal level designed to help certain buyers purchase a home.

There are also a number of myths around these programs, such as what the term “first-time homebuyer” really means.

In this article, we’ll talk about some of the programs you can look into to get help paying for a home.

Who Qualifies as a First-Time homebuyer?

Contrary to what it sounds like, you can still qualify as a first-time homebuyer if you’ve owned a home in the past. The Federal Housing Administration (FHA) has been helping people achieve their goal of homeownership since the 1930s. The FHA connects first-time homebuyers with lenders if the buyer meets certain criteria. Those criteria are:

  • Someone who hasn’t owned a home in the time previous three years. This includes spouses.

  • A single parent who previously owned a home with a former spouse, or a “displaced homemaker” who has only owned a home a former spouse.

  • People who have only owned homes that didn’t meet building code or a residence not fixed to a foundation.

The way the FHA helps buyers secure an affordable home loan is by insuring the mortgage. This makes it safer for lenders to approve you for a better rate for your home loan.

Veteran, Rural, and Native American Loan Programs

Aside from FHA loans, you might also qualify for a VA loan, a USDA program, or the Section 184 Indian Home Loan program.

VA loans from the U.S. Department of Veteran Affairs help veterans secure low-interest loans with affordable down payments. They will also help repeat veteran home buyers who have had financial difficulties in the past such as foreclosure and bankruptcy.

The Section 184 Indian Home Loan Guarantee Program works similarly to an FHA loan in that the federal government insures the loan so that the buyer can receive a better rate and lower down payment.

This program is designed for American Indian and Alaska Native families. However, not every state is eligible for the loan.

The United States Department of Agriculture is another federal department that offers mortgage assistance. You don’t need to be a farmer or have agricultural aspirations to be approved for a USDA loan. Rather, these loans are designed to help develop rural areas by offering loans with no down payments.

State, Local, and Private Programs

Each state in the United States offers various buyer’s assistance and incentive programs. Be on the lookout for programs specific to your area to find low-interest rates and affordable down payments.

Fannie Mae, Freddie Mac, and other companies work with lenders to create affordable lending programs throughout the country. Remember to shop carefully when dealing with private lenders and look out for hidden costs.





Posted by The DiRoberto Team on 7/19/2017


40 Hill St, Auburn, MA 01501

Single-Family

$209,000
Price

5
Rooms
2
Beds
1
Baths
*RARE FIND* Immaculate, Very Well Maintained, Modern 2 Bed 1 Bath Single Family w/ Updates!! This property has a large, full walk out basement that is already insulated which makes for amazing finished basement potential!! Brand New Deck was just put on a few months ago along with 2 cement walkways. This property also has 2 driveways on each side of the home. This open layout home features large windows for great sunlight, modern eat-in kitchen w/ dishwasher, electric range, built-in microwave, large dining room & good size living room. Back yard is nice and private enclosed with large trees. *Extremely Low Heating Cost* All Showings Start at OPEN HOUSE Saturday July 22nd from 12:-2:00pm
Open House
Saturday
July 22 at 12:00 PM to 2:00 PM
Cannot make the Open Houses?
Location: 40 Hill St, Auburn, MA 01501    Get Directions

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Categories: Open House  


Posted by The DiRoberto Team on 7/19/2017


40 Hill St, Auburn, MA 01501

Single-Family

$209,000
Price

5
Rooms
2
Beds
1
Baths
*RARE FIND* Immaculate, Very Well Maintained, Modern 2 Bed 1 Bath Single Family w/ Updates!! This property has a large, full walk out basement that is already insulated which makes for amazing finished basement potential!! Brand New Deck was just put on a few months ago along with 2 cement walkways. This property also has 2 driveways on each side of the home. This open layout home features large windows for great sunlight, modern eat-in kitchen w/ dishwasher, electric range, built-in microwave, large dining room & good size living room. Back yard is nice and private enclosed with large trees. All Showings Start at OPEN HOUSE Saturday July 22nd from 12:-2:00pm
Open House
No scheduled Open Houses

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Categories: New Homes  


Posted by The DiRoberto Team on 7/19/2017

This Condo in Worcester, MA recently sold for $181,000. This Townhouse style home was sold by The DiRoberto Team - RE/MAX Advantage I.


8 Cobblestone Lane, Worcester, MA 01606

Condo

$184,500
Price
$181,000
Sale Price

5
Rooms
2
Beds
1/1
Full/Half Baths
Worcester North, Pristine 2 bedroom condo, fire placed living room, swimming pool on site, roof and windows updated, off street parking, attractive kitchen with granite counter tops. Near UMass medical. Wonderful location, quiet yet convenient to all major routes.

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Tags: Real Estate   Worcester   Condo   01606  
Categories: Sold Homes  


Posted by The DiRoberto Team on 7/17/2017

This Single-Family in Worcester, MA recently sold for $234,300. This Split Entry style home was sold by The DiRoberto Team - RE/MAX Advantage I.


28 Bittersweet Blvd, Worcester, MA 01607

Single-Family

$229,900
Price
$234,300
Sale Price

6
Rooms
3
Beds
1/1
Full/Half Baths
Another new addition of the Arboretum Subdivision is done!!! Single Family attached homes, with no condo fees! This Gorgeous 3 bedroom is Energy Star certified and has some great views. Walk up into an open floor plan and find stainless steel and granite in the kitchen. Keep warm by the fireplace during winter or enjoy the back deck during the summer. Living and dining room area has a dark vinyl flooring, upstairs is freshly carpeted. All bathrooms are tiled, double sinks located in the upstairs bathroom. There's 125 amp service and hot water by heat pump. This home is located near all major highways. MLS photos of interior are of similar completed property.

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Categories: Sold Homes