Are you going to be a First Time Homebuyer in 2017?

Congratulations! That's an exciting step to take. Home ownership is a doorway to all kinds of exciting experiences, from the joy of owning your own plot of earth and making the updates according to your preference, to the challenge of accepting all the responsibilities involved in maintaining a piece of property.

If you've been reading about real estate trends for buyers you've heard the biggest challenges for first time home buyers are qualifying for a mortgage and finding a home in your price range. Fortunately, in Hampton Roads both of those challenges are very overcomeable. Here are a few factors in your favor:

  • We work with some amazing loan officers at SimonTowne Mortgage who are experienced in helping first time homebuyers in Hampton Roads.
  • The government is helping you out by reducing mortgage insurance premiums for FHA mortgages.
  • While rates are starting to slowly rise, if you buy this year you will still be locking in a historically low rate.

Home purchases by first time home buyers are expected to increase considerably in 2017, and Hampton Roads is no exception. Our agents love working with first time homebuyers. When you Search Homes and find one you want to see, submit a form or give us a call! We can't wait to share this journey with you.

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Categories: Home Buying Real Estate Market

Cities: Virginia Beach Chesapeake Norfolk Newport News Hampton Suffolk Yorktown

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