First Time Homebuyers in Franklin IN
Tips for Buying your First Home in Franklin, IN & Grant Money you should be aware of.
Are you a first time homebuyer in Franklin, IN dreaming of owning your own place but feeling overwhelmed by rising prices and down payment requirements? You are not alone, and the good news is, there is help out there.
Franklin, Indiana is a charming, fast growing community that is ideal for new homeowners. With its blend of historic character, affordable living, and small town warmth just 30 minutes south of Indianapolis, Franklin is one of the best places for first time homebuyers to put down roots.
What many do not realize is that grant money is available to make buying your first home in Franklin more affordable than ever.
Why Franklin, IN is Ideal for First Time Homebuyers
Franklin offers a mix of affordability, community and convenience. Here is why more and more first time homebuyers in Franklin IN are making the move:
*Affordable housing prices compared to other areas
* Walkable, revitalized downtown with shops, cafes and entertainment
*Great Schools and family friendly neighborhoods
*Easy access to I-65 for commuting
First Time Homebuyer Grant and Assistance Programs in Franklin, IN
If you are buying your first home in Franklin, you may qualify for homebuyer assistance programs that offer down payment help,. Here are some potential options:
*IHCDA First Place Program
The Indiana Housing and Community Development Authority (IHCDA) offers a First Place program specifically for first time homebuyers. It provides:
*Down payment assistance up to 6% of purchase price
*A thirty year fixed rate mortgage
*Available to first time homebuyers purchasing a home in Indiana (including Franklin)
Indiana Housing and Community Development Next Home Program
Another IHCDA program that helps repeat buyers:
*Up to 3.5 in down payment assistance
*Borrower must meet special income guidelines and those can vary from county to county.
*Conventional or FHA
*Max down payment assistance for FHA loans is 3.5%
Ready to take the next step toward buying a home?
Let one of our experienced Realtors at Realty World Harbert Company guide you every step of the way--from connecting you with a trusted local lender to finding the right property for your needs. We are here to make the process smooth and informed.
Call us today at 317-885-8858 and ask for Heather Fitzgerald or email office@harbertcompany.com to get started with a dedicated agent who knows the market and puts your goals first!
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