Does participating in the First-Time Homebuyer Program automatically qualify me to buy a home?
Participating in the First-Time Homebuyer Program and finishing a Buyer Ready Plan does not mean that a family automatically qualifies to purchase a home. Completing the plan shows that the family has taken all the steps necessary to become Buyer-Ready, meaning that the family has become stable financially & in their employment enough to meet the qualifications a mortgage lender may require to receive approval for financing. This also is a good indication to the family that they may be at a point where they are able to support a mortgage payment without putting their budget in financial stress.
