Weiss Research real estate analyst, Mike Larson, was interviewed by Carmen Cusido of The Times of Trenton Business News for the article, “Bank program helps first-time home buyers.”
From The Times of Trenton Business News:
Bank program helps first-time home buyers
By Carmen Cusido, Staff Writer
Ryan O’Donnell is expecting to close on his first home at the end of April, and because of the money a bank is offering to first-time buyers like him, he can afford to buy furniture as well.
“I had some money put aside, but this money makes it easier so I’m not living paycheck to paycheck,” said O’Donnell, 32 a Ewing High School math teacher who has saved for years to buy a house.
His closing costs on the home purchase would have taken about $3,500 out of his savings. But a $1,640 grant he got through First Choice Bank’s First Time Home Buyers program to help pay the closing costs will allow O’Connell to buy a new couch and some other furniture with the money he put aside.
“All I’m moving is a bedroom set,” O’Donnell said.
First Choice Bank has allocated $50,000 for its mortgage clients who are eligible for the First Time Home Buyers program. The program is open to eligible households who are …
