You’re just a few steps away from homeownership

There comes a time when we all want to gain our independence and have something we can call our own – our sanctuary we feel comfortable in and retreat to after an exhausting day.

We believe you deserve a home to love and cherish, too. For that, we want to move you closer to this goal by helping you choose your first mortgage.

How First Time Home Buyer Loans Work

Getting the right loan is one of the most important steps to buying a home. This step is especially important for you, as an aspiring homeowner because you are probably just getting on your feet financially. Choosing a borrower-friendly loan might greatly benefit you.

Did you know?

As an aspiring homeowner, you may be eligible for financial aid in the form of Down Payment Assistance.

A first-time homebuyer mortgage is designed to help you achieve homeownership by offering competitive rates with low down payments. Furthermore, some programs and grants can offer financial aid, and you may also be eligible for different types of assistance.

The best thing is, we offer solutions that can work great as your first mortgage. Let’s see them!

Our Top First Time Home Buyer Loans

Some loans are more well-suited for first time home buyers than others. Here are a few go-to loans we typically recommend if you’re looking for your first mortgage. There is no one-size-fits-all solution though, so contact us to find the perfect loan for you.

 

Federal Housing Administration (FHA) Loans

FHA loans are extremely popular with first-time homebuyers (and those with lower credit scores) because they offer affordable rates with down payments as low as 3.5 percent.

If that’s not enough, the down payment can come from a gift or other assistance, so that you can apply for FHA with no money out of your pocket.

VA Loans

If you’re a veteran, a current military person or a surviving spouse, the Veteran Administration (VA) loans might be just the perfect mortgage for you.

The Department of Veteran Affairs offers this loan with the lowest interest rates possible, zero down payments and no mortgage insurance requirements. Talk about benefits, right?

Localized First-Time Home Buyer Programs

Are you having trouble with down payments? Don’t fret, your local county housing office may offer Down Payment Assistance (DPA).

Fortunately, the majority of first-time homebuyers are eligible for DPA programs. And the best thing? Most of the time, you can apply for these programs for free.