What Does a First-Time Home Buyer Specialist in Lynn Cost?
In Massachusetts, first-time home buyer specialist fees are typically paid by the seller as part of the commission, so you may not pay directly. However, you may pay a flat fee of $500 to $1,500 for consulting services if you hire a separate advisor. Closing costs in Lynn average 2 to 5 percent of the purchase price, which can be $6,000 to $15,000 on a $300,000 home. This is general information, not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What is a first-time home buyer specialist in Lynn?
A first-time home buyer specialist is a real estate agent or mortgage advisor who focuses on helping buyers who have not owned a home in the past three years. They know Lynn neighborhoods and Massachusetts programs like MassHousing and ONE Mortgage.
What Massachusetts programs help first-time buyers in Lynn?
MassHousing offers low down payment loans and the ONE Mortgage program provides reduced interest rates for eligible buyers. The Massachusetts Housing Partnership also offers down payment assistance for Lynn residents with moderate incomes.
First-Time Home Buyer Specialists in Other Massachusetts Cities
Abington · Acton · Adams · Agawam · Amesbury · Amherst · Andover · Arlington · Ashland · Attleboro · Auburn · Ayer · Belmont · Beverly · Billerica