{"id":157,"date":"2017-03-20T05:55:54","date_gmt":"2017-03-20T09:55:54","guid":{"rendered":"http:\/\/www.oakhillmortgagellc.com\/?page_id=157"},"modified":"2023-01-31T14:53:27","modified_gmt":"2023-01-31T18:53:27","slug":"first-time-home-buyers","status":"publish","type":"page","link":"https:\/\/www.oakhillmortgagellc.com\/?page_id=157","title":{"rendered":"First Time Home Buyers"},"content":{"rendered":"<p>Buying a new home is exciting and often stressful for anyone going through the process.\u00a0 With many unknowns for a first-time home buyer, it can also seem scary and overwhelming at times. Oak Hill Mortgage, LLC is here to help make that stressful home buying process seem a little easier!\u00a0 You can expect to be educated along the process&#8230;<\/p>\n<p><span style=\"color: #339966;\"><strong>Are you a first-time homebuyer?<\/strong><\/span>\u00a0 Well, you know if you&#8217;ve never bought a home before.\u00a0 However, according to Fannie Mae &amp; Freddie Mac, <span style=\"text-decoration: underline;\"><strong>if you haven&#8217;t owned a home in the last 3 years<\/strong><\/span> or could be defined as a <span style=\"text-decoration: underline;\"><strong>displaced homemaker or single parent<\/strong><\/span>, you likely will be defined as a first-time homebuyer.\u00a0 Some beneficial loan programs have income limitations.<\/p>\n<p><strong><span style=\"color: #339966;\">What are some First-time Homebuyer benefits?<\/span>\u00a0 <\/strong>Benefits can vary and might include lower down payments, lower fees, and better loan rate pricing.\u00a0 Programs can (and do) change, but here are some examples (as of Jan 2023):<\/p>\n<ul>\n<li>Conventional 3% down programs with improved loan rate pricing or fees<\/li>\n<li>For a Maryland primary home purchase, you might get a transfer tax reduction.<\/li>\n<li>While not exclusively first-time homebuyer programs, Government mortgage loans (e.g., VA \/ FHA \/ USDA) usually have better rates, lower credit score tolerances, and lower (or no) down payment requirements.<\/li>\n<\/ul>\n<p>Oak Hill Mortgage, LLC may periodically offer free home buyer seminars for those looking to learn before they leap&#8230;\u00a0 If you have interest in learning more, please contact us at (703) 861-5369 or mortgage10@verizon.net.<\/p>\n<p>Finally, we collaborate with various local real estate agents in the Virginia, Maryland, DC, and Florida.\u00a0 We&#8217;d be happy to recommend a great realtor!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Buying a new home is exciting and often stressful for anyone going through the process.\u00a0 With many unknowns for a first-time home buyer, it can also seem scary and overwhelming at times. Oak Hill Mortgage, LLC is here to help make that stressful home buying process seem a little easier!\u00a0 You can expect to be [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-157","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>First Time Home Buyers - Oak Hill Mortgage, LLC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.oakhillmortgagellc.com\/?page_id=157\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First Time Home Buyers - Oak Hill Mortgage, LLC\" \/>\n<meta property=\"og:description\" content=\"Buying a new home is exciting and often stressful for anyone going through the process.\u00a0 With many unknowns for a first-time home buyer, it can also seem scary and overwhelming at times. 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