Home : Blogs : Fred Chamberlin - Eugene/Springfield's #1 Experienced FHA Mortgage Consultant : Fred's FHA Mortgage and Conventional Real Estate Loan Blog

10 Really Good Reasons to be a First Time Home Buyer!

Since most First Time Home Buyers are FHA borrowers I posted the answer to what the reasons are in my blog http://FHALoansORegon.com. This information can also be very valuable to anyone considering a VA loan that is a First Time Home Buyer and especially for someone looking to buy using the USDA Rural Guarantee since they have to be a First Time Home Buyer.

I have been asked, why should I become a home owner? I have been renting for 5 years and am perfectly happy with my situation. The short answer to that is, “maybe you shouldn’t.” Not everyone should buy a home and a lot of First Time Home Buyers were sold homes that they shouldn’t have bought because the financing was too easy. That had an effect on where we are today. However, that being said, there are a lot of great reasons to become a First Time Home Buyer in today’s more restrictive lending environment. Stealing a bit of David Letterman’s shtick, here are my top ten reasons to become a First Time Home Buyer in today’s Oregon real estate market. Click over to my blog.

Posted by Fred Chamberlin - Eugene/Springfield's #1 Experienced FHA Mortgage Consultant on 03/24/2009 05:07 PM

Comments (13)

First Time Home Buyers in the Mortgage / Finance Channel

8000 tax credit, 100 purchase, down payment assistance, fha mortgage loans, first time homebuyers, foreclosures, hud homes, no money down

This post has been included in Oregon Information Lane County, OR Information Eugene, OR Information
Post is included in group: Group Ultimate
Post is included in group: First Time Homebuyer
Post is included in group: FHAIdeasRoundTable
Post is included in group: Club Chaos
Post is included in group: 1st Time Buyers

13 Comments on 10 Really Good Reasons to be a First Time Home Buyer!

MAR

Stealing a bit of David Letterman’s shtick, eh? Now there's a very interesting way of putting things (LOL).

Well Carolyn, someone has to take some of it. Thanks.

Huge opportunities Fred. I am living proof that it exisits and can be done.

Let everyone know that they can buy a home.
Bo

MAR

Right on Bo, right you are.

Hi Fred - Great information! First-Time Home Buyers will never see options like they have during 2009. The tax credit is a great incentive for those who get out and buy now. The debate between home ownership and renting is the subject of another blog; in my view, there is a lot more personal satisfaction in owning your own home compared to renting. Thanks for the information. BTW: I like the format of your blog; it looks great!

Thanks for sharing. I am currently working with 2 first time home buyers and this info will help. I think the tax credit is one of the best for 2009.

Good stuff Fred. I bought my first home 6 years ago and I can't believe the home I could have bought at today's prices!

Thanks Jon, I like the format too. I think the information is great to help people make up their minds. However, I do believe some people should not be home owners.

My pleasure Kate. Help your buyers, it is very rewarding.

Jim - It is a great way to build personal wealth, but not short term.

MAR

I bought 7 years ago and could easily upgrade for the same amount. Two years ago that was not true. While I hate I've lost value, it is a GREAT time for those currently renting.

Tammy - I think this is one of the very best times to be buying a home.

MAR

Fred,

It's really ironic that subprime has evaporated, but FHA has swooped in to make the first time buyer's dream a reality

MAY

Hi Fred, There are so very many great reasons to be a home buyer, especially in today's market. Thanks for the reminders!

MAY

Greg - I was making FHA loans when others were doing sub-prime. Yes, they were harder, but they made a lot more sense for my borrowers. So, I am still making FHA loans.

Thanks Sandy, I always appreciate your visits.

Leave a response…

Name:

Email:
(optional)

Comment:

What does the graphic say?