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In some cases, the final payment on your construction loan will become due and you will have to pay a fee to extend that loan – at least, until the house is finished and you are able to refinance into an end loan. When Finished, the Home Will Not Be Worth at Least as Much as It Cost to Build. You could encounter this unfortunate situation if.

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If you are buying a home for the first time, be sure to ask about the different types of loans available to first-time homebuyers. There are also many first-time buyer programs you might qualify for as well as assistance for making a down payment – often an obstacle for many borrowers.

These first-time home buyer loans and programs can get you in a home with a lower – or even no – down payment. Hal M. Bundrick, CFPJuly 19, 2019 At NerdWallet, we strive to help you make. The City of Pensacola’s HOME First-Time Home Buyers Program is designed to assist low income families to obtain affordable housing.

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