First Time Homebuyer
A first-time homebuyer is an individual or household purchasing a residential property for the first time. Typically, these buyers have not owned a home within the past few years, if ever. First-time homebuyers often face unique challenges and opportunities compared to repeat buyers, including eligibility for certain government programs and financial assistance. They may be navigating the complexities of mortgage loans, down payments, and understanding the real estate market for the first time.
