What are home-buying programs for first-time homebuyers?

Various programs are available for first-time home buyers, providing more affordable and accessible purchasing options, especially for those with limited savings, lower credit scores, and modest incomes.

Government agencies, lenders, nonprofit organizations, and local organizations offer programs that typically provide financial assistance, more favorable loan terms, and educational resources.

Common real estate programs for first-time home buyers include:

• Federal Housing Administration (FHA) loans
• Department of Veterans Affairs (VA) loans
• U.S. Department of Agriculture (USDA) loans
• Local Arizona First-Time Buyer Grants and Programs
• Arizona Home Plus Program

How do rent-to-own real estate programs work?

Rent-to-own programs, also called lease-to-own or lease-purchase programs, give tenants the opportunity to either have the option or obligation to purchase a home at the end of a lease term, typically with a portion of the rent payments going toward the purchase of the home.

What programs help sell a house quickly?

You may not get the value you could get with an experienced real estate agent, but there are options for “quicker” sales processes.

Some of the most popular programs that help sell residential properties quickly include:

• Cash Home Buyer Programs
• Cash Buyer Marketplaces

Are there real estate programs for investors?

Yes, various options are available for residential real estate investors for both newer and more experienced investors.

These programs include:

• Fix-and-Flip Loan Programs
• Long-Term Rental Loan Programs (DSCR loans)
• Real Estate Investment Trusts (REITs)