Welcome to Your First-Time Homebuyer Resource Hub

Buying your first home is an exciting milestone, but the process can also feel overwhelming. Whether you're just starting to explore your options or you're ready to make an offer, we’re here to help. This page offers essential resources and programs designed to guide you through every step of the homebuying journey. From understanding mortgage options to securing down payment assistance, we’ve compiled the tools and information you need to make informed decisions and achieve your dream of homeownership. Explore our resources below and take the first step toward owning your home!

The Long Island Housing Partnership (LIHP)

The Long Island Housing Partnership (LIHP) helps first-time homebuyers navigate the homebuying process with a range of resources. These include free homebuyer education workshops, down payment assistance programs, and personalized counseling to help with budgeting, credit improvement, and mortgage options. LIHP also connects buyers with affordable housing opportunities and special mortgage programs for those who qualify. Their services aim to make homeownership more accessible and provide support at every step of the way.

How to Access These Resources

To take advantage of these resources, first-time homebuyers can:

• Attend a homebuyer education class or workshop offered by LIHP.
• Meet with an LIHP counselor to review their financial situation and eligibility for down payment assistance or mortgage programs.
• Visit the LIHP website or contact them directly for information on available programs and to see if they qualify for any specific assistance.

HOW TO PREPARE TO BUY A HOME

Talk to mortgage brokers.

Many first-time home buyers don’t take the time to get prequalified. They also often don’t take the time to shop around to find the best mortgage for their particular situation. It’s important to ask plenty of questions and make sure you understand the home loan process completely.

 

Be ready to move.

This is especially true in markets with a low inventory of homes for sale. It’s very common for home buyers to miss out on the first home they wish to purchase because they don’t act quickly enough. By the time they’ve made their decision, they may find that someone else has already purchased the house.

 

Find a trusted partner.

It’s absolutely vital that you find a real estate professional who understands your goals and who is ready and able to guide you through the home buying process.

 

Make a good offer.

Remember that your offer is very unlikely to be the only one on the table. Do what you can to ensure it’s appealing to a seller.

 

Factor maintenance and repair costs into your buying budget.

Even brand-new homes will require some work. Don’t leave yourself short and let your home deteriorate.

 

Think ahead.

It’s easy to get wrapped up in your present needs, but you should also think about reselling the home before you buy. The average first-time buyer expects to stay in a home for around 10 years, according to the National Association of REALTORS®’ 2013 Profile of Home Buyers and Sellers.

 

Develop your home/neighborhood wish list.

Prioritize these items from most important to least.

 

Select where you want to live.

Compile a list of three or four neighborhoods you’d like to live in, taking into account nearby schools, recreational facilities, area expansion plans, and safety.