- Written by MBD Editor
The president of The Money Source provides some insight on how to better reach first-time homebuyers, what’s most important to them right now, and what makes for an ideal location.
As one of the largest government lenders in the United States, The Money Source is uniquely positioned to identify trends in first-time homebuying. The Melville, New Yorkbased correspondent lender processes tens of thousands of Federal Housing Administration, Veterans Administration and U.S. Department of Agriculture loan applications, the vast majority of which are for first-time home purchases. The lender creates an annual top-10 list of which cities are hottest for individuals and families choosing their first home purchase.
For those builders who serve this market, Ali Vafai, president of The Money Source, provides some insight on how to better reach first-time homebuyers, what’s most important to them right now and what makes for an ideal location.