First time homebuyer’s seminar scheduled for potential buyers

Learning the ins and outs of purchasing a home will be the focus of a seminar, hosted by The Citizens State Bank from 7-8 p.m. on Thursday, Feb. 21, at Newton’s Meridian Center.

The First time Homebuyer’s seminar is free and open to anyone, who has ever considered taking the next step toward homeownership.

“The seminar helps people understand the process better and hopefully makes it easier for them,” according to mortgage loan officer Shelley Black. “It will provide information about the home loan process, loan options and grant options.”

In its third year, the seminar offers information about what to expect for debt limits, mortgage rate options and how credit scores can impact home purchases.

According to the FHA, current housing prices continue to rise at a slower rate than a few years ago. Combine that with interest rates can still hover in the four percent range and home purchase remains high.

The first-time homebuyer program opens on March 4 and features a $5,000 grant that can be used to help with down payment and closing costs.

In addition to learning about the home buying process and how to become pre-qualified, attendees will have a chance to win a $100 Visa gift card, as well.