Episode #939 If you’re a first-time home buyer, now may be one of the best times to get a loan in recent history, according to mortgage advisor Jeff Welgan. With new no-money-down mortgages coming out specifically to help first-time home buyers finally get into a property, you can now buy a house for no money out of pocket, with your entire purchase price and closing costs covered. These 100% financeable loans aren’t a secret, so why don’t most first-time home buyers know about them? In this BiggerNews, we’re diving deep into the best first-time home buyer loans available in 2024, how to pick up your first property for NO MONEY out of pocket, and low-money-down multifamily deals any brand new investor can start buying today. With affordability at nearly forty-year lows, most Americans struggle to save up a down payment, even if they have enough income to qualify for a home loan. This is where 100% financeable loans come in, making it easier than ever to buy your first home. So, who can get approved for these first-time home buyer mortgages, where do you find them, and how do they work? Jeff goes through these programs on the federal and state levels, showing first-time home buyers where to find them, which loans to avoid, and whether or not they can use these loans to buy their next property. Thank you to our sponsor, Rent App: the free and easy way to collect rent: https://rent.app/landlord ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media ~~~~ Expand Your Investing Knowledge With the BiggerPockets Books: https://store.biggerpockets.com/?utm_source=owned_media ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders ~~~~ Hear Dave on The “On the Market” Podcast: https://link.chtbl.com/OTM ~~~~ Watch Dave on the “On The Market” YouTube Channel: https://www.youtube.com/channel/UCxDXuLvtjJ9Est8PrG3i2VA ~~~~ Grab the “First-Time Home Buyer” Book from BiggerPockets: https://store.biggerpockets.com/products/first-time-home-buyer?utm_source=owned_media ~~~~ 4 Popular Mortgage Programs for First-Time Home Buyers: https://www.biggerpockets.com/blog/4-popular-mortgage-programs-first-time-home-buyers?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with Jeff: Instagram: @jeff.themortgageexpert or https://www.instagram.com/jeff.themortgageexpert/ LinkedIn: https://www.linkedin.com/in/jeffwelgan/ Website: https://bpinvestorteam.com/ ~~~~ Connect with Dave: BiggerPockets: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none Instagram: @thedatadeli or https://www.instagram.com/thedatadeli/ Show notes at: https://link.chtbl.com/BPRE 00:00 Intro 01:12 100% Financing For Your FIRST Home? 06:28 How These Loans Work 11:11 The Problem with FHA Loans? 14:06 Getting a Lower Mortgage Rate 24:19 Low Money Down Multifamily Investing