Go from dream home to real home
Buying your first home? Get the guidance, support, and financing options you need to make homeownership a reality.
Who's it for?
First-time homebuyer loans are designed for individuals and families purchasing their first home. If you’re new to the home-buying process, these loans offer lower down payments, reduced fees, and assistance programs to help you get started with confidence.
First-time Homebuyer Programs benefits
- Low down payment options (as low as 3%)
- Reduced private mortgage insurance (PMI) costs
- Flexible credit score requirements
- Assistance programs available for down payment and closing costs
- Competitive interest rates
- Personalized support throughout the home-buying process
Eligibility requirements
To secure a First-time Homebuyer Programs, you’ll need to meet the following requirements:
- Must be purchasing your first home (or not have owned a home in the past three years)
- Minimum credit score varies by loan type (580+ for FHA, 620+ for conventional)
- Stable income and employment history
- Debt-to-income (DTI) ratio typically under 50%
- Home must be a primary residence
Find out if a First-time Homebuyer Programs loan is right for you
Get expert guidance and a free, no-obligation quote to secure the best mortgage rate for your situation.
Get a free quote