What is a first-time home buyer. Ohio home buyer overview. First Time Homebuyer Guide Hire Aiva Generally speaking youre considered a first-time home buyer if you havent had any form of ownership in any home in the last 3 years. . The average home sale price in the state of Michigan was 263220 in April 2022 according to data from Michigan RealtorsThat was a 10 increase over the same month. Although DHCD does not provide mortgages directly to first-time homebuyers there are many resources available. If you qualify for down payment assistance you might need even less. Minimum Down Payment in CO 3 21581. If the cost is over 300000 youll pay a discounted rate up to 500000. Get pre-qualified for a CIBC mortgage. Massachusetts home buyer overview. Get ready for homeownership. Average Credit Score in CO 2. Maximum State Home Buyer Down Payment. Debt-to-income ratio below 43. This program is a sha