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  2. “Neighborhoods First” First Time Homebuyer Program: A HOME funded program that offers 5% of the home’s purchase price (up to a maximum of $10,000.00) for Down Payment and Closing Cost assistance and up to $40,000.00 in Rehabilitation assistance to income eligible * First Time Homebuyers purchasing a home.
    Neighborhoods First” First Time Homebuyer Program. This program offers down payment and closing cost assistance, rehabilitation assistance and gap financing to enable income eligible applicants to own their first home. One to three family properties are eligible. Borrowers must meet HUD income limits.
    www.newbedford-ma.gov/community-development/…
     
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    Should you participate in NeighborWorks® homebuyer education classes?Buying a home can often feel overwhelming and it doesn’t need to! To bring some ease to the process, we highly encourage prospective homeowners to participate in our NeighborWorks® Housing Solutions (NHS) Homebuyer Education Classes. These classes are incredibly valuable and helpful to anyone seeking to purchase their first home.
    What is a first-time homebuyer training?During this eight-hour training, we introduce first-time homebuyers* to information needed to successfully purchase their home, including choosing a realtor, finding the right home, repairing credit, securing financing, home inspections, insurance, and maintaining a home.
    Who is considered a first-time homebuyer?*Anyone who has not owned a home in three or more years can be considered a first-time homebuyer. We want to make attending a class as easy as possible for you – we know time is always limited! The majority of our classes are what we call a “hybrid” class – a combination of online self-paced learning paired with a group learning session.
    What is a first-time Home Buyer program?State first-time home buyer programs include loans and assistance programs (such as grants or tax credits) tailored to the borrower’s location. Fixer-upper mortgages, known as renovation loans, allow you to buy a home and roll remodeling costs into your mortgage with one convenient monthly payment.
     
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