Look into Government Incentives for First-Time Home Buyers

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FDIC Consumer News – Summer 2007 – Keep Your Home Loan Costs From Going Through the Roof


Related Financial Services - The following Debt Consolidation Loan Directory listings of companies are offered to assist you with gaining control of your personal finances and the management of your money. Also, feel free to review the rest of the sub-directories on DebtConsolidationLoan.com to shop for other finance products, such as credit cards and mortgage refinancing.

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Home Loans

How to Keep Costs from Going Through the Roof


30. Look for government incentives for first-time homebuyers, low- or moderate-income families and other borrowers. Eligible applicants can save on the interest rate, closing costs, down payment, and other loan terms.


For example, mortgages insured by the Federal Housing Administration may feature low down payments and low closing costs (go to www.hud.gov/buying/loans.cfm or call 1-800-569-4287). For details about programs offered by your city, county or state government, call its housing agency or check the government Web site.


Summer 2007 | Negotiate Rates and Terms | Consider a Fixed Rate | Higher Costs with Little Documentation |
Pay Off Mortgage Sooner Than Later | Save Money on Insurance | Look for Government Incentives |
Borrowing Money from Home's Values Risky


FDIC Consumer News is published by the Federal Deposit Insurance Corporation


FDIC Consumer News is produced quarterly by the FDIC Office of Public Affairs in cooperation with other Divisions and Offices. It is intended to present information in a nontechnical way and is not intended to be a legal interpretation of FDIC or other government regulations and policies. Mention of a product, service or company does not constitute an endorsement.


Find current and past issues of FDIC Consumer News at http://www.fdic.gov/consumernews. Refer to this same index to locate the issues that are specially formatted for being reprinted in any quantity.


To receive an e-mail notice about each new issue of FDIC Consumer News posted on the FDIC Web site, with links to stories, follow instructions posted at www.fdic.gov/about/subscriptions/index.html.


Last updated on 8/10/2007

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