why our team loves first-time homebuyer loans
First-time homebuyer loans can turn “someday” into “today.” These programs open doors—literally—for buyers who thought homeownership was out of reach. With lower costs, great support, and flexible options, they make homeownership seem way more possible.
First-Time Homebuyer Loans At A Glance
Buying your first home should be exciting, not overwhelming. First-time homebuyer loan programs make the process more affordable and accessible, with low down payment options, flexible credit guidelines, and incentives to help you get started.
Highlights
- Low Down Payment Options: As little as 3% down on many programs.
- Flexible Credit Requirements: Designed with first-time buyers in mind.
- Down Payment Assistance Available: State, local, and lender-funded programs.
- Conventional, FHA, VA & USDA Options: Tailored to your situation.
- Special Perks: Reduced mortgage insurance, lower rates, or grants for qualified buyers.
Pros Of First-Time Homebuyer Loans
- Lower Entry Costs: Buy a home with less out of pocket.
- Programs Built For You: More flexible guidelines to help first-time buyers get approved.
- Educational Resources: Many programs offer homebuyer education to build confidence and financial know-how.
- Multiple Loan Types Available: Choose from FHA, Conventional, VA, or USDA—based on your needs and goals.
- More Negotiating Power: With a solid preapproval, you’ll be ready to make a strong offer when the right home comes along.
First-Time Homebuyer Loan Guidelines
- Down Payment: As low as 3% (some programs offer 0% with VA or USDA).
- Income Limits: Some programs have income caps; others don’t.
- Homebuyer Education: Required for certain assistance programs.
- Loan Purpose: Primary residence only.
- Property: Single-family homes, condos, and townhomes.
Best for…
Renters ready to build equity
Buyers with limited savings or credit history
Young professionals or growing families
Borrowers interested in using down payment assistance
Anyone ready to become a homeowner for the first time
Free Guides & Resources
Our favorite kind of buyer? A confident one. Brush up on your loan knowledge, get an accurate quote, and let's get to it.
