Are there any resources or programs available for first-time homebuyers?

Yes, FHFA offers resources and programs for first-time homebuyers. One of the key initiatives is the Home Affordable Refinance Program (HARP), which allows eligible borrowers with little equity in their homes to refinance at lower interest rates. Additionally, FHFA offers education programs in partnership with Fannie Mae and Freddie Mac to help buyers understand the homebuying process, make informed decisions, and access affordable financing options. These programs provide valuable tools, counseling, and online resources to guide first-time homebuyers through each step, such as budgeting, credit improvement, and finding a reputable lender. FHFA is committed to making homeownership more accessible for first-time buyers by providing information and opportunities for financial assistance.