Buying a home in the Methuen area can be a complicated and expensive process, especially if you're a first-time home buyer or a Veteran. Fortunately, if you are a Veteran or a surviving spouse of a Veteran, you might be eligible for a VA loan. With a VA loan, you can purchase the home of your dreams with zero down …
City of Lawrence – First-time homebuyer DPA program
Up to $40,000 in Down Payment Assistance The First-time Homebuyers Program is designed to assist low to moderate income families who are purchasing a residential, owner-occupied property located in the City of Lawrence. Eligible borrowers can use the funds for down payment and closing costs. PROGRAM DETAILS: …
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4 great reasons to buy a home this year
Mortgage interest rates shouldn’t stop you from buying a home this year People decide to buy a new home based on a variety of factors. In most cases, life events dictate the need to enter the housing market. Some common reasons include job relocation, an expanding family, a desire to move from an urban to a suburban …
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What happened to the MassDREAMS program?
As of Wednesday, November 30, 2022, at 10:00 pm, the MassDreams grant program will be suspended. Due to its popularity and the expertise of lenders like Mortgage Equity Partners, the funds allocated for the grant program have been exhausted. The MassDreams program provided a forgivable grant for up to $50K, which …
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What you need to know about how a 2-1 buydown works
A 2/1 buydown loan is a loan with a reduced payment for the first two years of the loan, and then the third year of the loan, the payment will rise to its note rate. So, you get a lower mortgage payment during the first two years. The 2-1 buydown program has been very popular with borrowers in the Merrimack Valley, …
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Tips for first-time homebuyers
First-time homebuyers are looking for tips and strategies to compete in the current seller’s real estate market. Finding a home and presenting the winning offer is a full-time job in the Merrimack Valley. Home prices have hit record highs in Massachusetts and New Hampshire over the past several years. In some areas, …
