What are the best programs for homebuyers in 2024 in Western New York?

1. First-Time Homebuyer Programs:

   • Many governments and municipalities offer programs specifically designed to assist first-time homebuyers. These programs may include down payment assistance, grants, or subsidized interest rates.

2. FHA Loans:

   • Federal Housing Administration (FHA) loans are government-backed mortgages that often have lower down payment requirements, making them more accessible for some homebuyers. You can read more about FHA loans by visiting the US Department of Housing and Urban Development website here.

3. VA Loans:

   • Veterans Affairs (VA) loans are available to eligible veterans and active-duty military members, offering favorable terms, including zero or low down payment requirements. Not sure if you qualify for a VA loan? This link has resources to help you make your decision.

4. USDA Loans:

   • The United States Department of Agriculture (USDA) offers loans with low-interest rates and no down payment for eligible homebuyers in rural areas.

5. Down Payment Assistance Programs:

   • Various organizations and nonprofits provide down payment assistance programs to help homebuyers cover the initial costs of purchasing a home.

6. Homebuyer Education Programs:

   • Many areas have homebuyer education programs that provide valuable information and resources to individuals looking to purchase a home. These programs may cover topics like budgeting, mortgage options, and the homebuying process. Check Nickel City Funding, Inc. on social media for more information about getting educated before making your home purchase.

7. Local and State Programs:

   • Check with your local and state government for specific homebuyer programs and incentives that may be available in your area.
8. Employer Assistance Programs:
   • • • Some employers offer homebuying assistance as part of their benefits package, providing employees with down payment assistance or counseling services.

Remember to consult with a qualified mortgage advisor or financial professional to explore the most suitable options based on your specific circumstances and the current state of the housing market in 2024.