Buying your first home can feel overwhelming, but understanding your mortgage options can make the process much easier. First-time homebuyer loan programs may offer low down payments, flexible qualification requirements, and assistance with some of the upfront costs of purchasing a home.
Depending on your qualifications, financing options may include conventional loans with as little as 3% down, FHA loans with 3.5% down, VA loans with zero down for eligible Veterans and service members, and down-payment assistance programs. Some programs may also provide assistance toward your down payment or closing costs.
As a mortgage broker with access to more than 160 lending sources, I can compare multiple loan programs instead of limiting you to the options available through a single bank. I’ll help you understand your estimated payment, cash needed to close, credit requirements, and purchasing power before you start making offers.
You don’t need perfect credit or a 20% down payment to explore homeownership. Let’s review your situation, get you preapproved, and build a financing strategy for your first home.