How to Find Government Incentives for First-Time Homebuyersby FDIC
When buying a house, look into 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. For details about programs offered by your city, county or state government, call its housing agency or check the government Web site.