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In Romania we have the First House mortgage which has lower rates than a normal one. It might make sense to have special rates for people who don't own a house
by jack_pp 4y ago
In Romania we have the First House mortgage which has lower rates than a normal one. It might make sense to have special rates for people who don't own a house yet
- whimsicalism 4y agoThis already exists in the US. My guess is many financialization programs in Europe are modeled (or improved) off of existing ones in the US given that we were the loan/financialization innovator for most of the 20th century.
- cvhashim 4y agoWhat’s it called?
- whimsicalism 4y agoFHA program is the federal name and is not just for first time buyers, but then states will have FHA options that are discounted for first time buyers. Example for California: https://www.calhfa.ca.gov/homebuyer/programs/index.htm https://www.calhfa.ca.gov/homebuyer/programs/index.htm
- atlasunshrugged 4y agoSome specific states and localities also have programs to help first time homeowners, Nevada used to have an incredible one that only required something like 5% down but I don't see it anymore (they do still have other programs) https://business.nv.gov/Homeowner/Homeowner__Assistance_Programs/ https://business.nv.gov/Homeowner/Homeowner__Assistance_Prog...