First Time Home Buyer

First time home buyer loans are my specialty. We have an extensive list of first time home buyer loans allowing you to buy a home with a low of no down payment. Many first time home buyer programs allow more debt than "conventional" loans making your dream of homeownership possible.

FHA First Time Home Buyer Loans – Often the best choice in first time home buyer programs.
Aggrssive First Time Home Buyer Loan - FHA clone but allows 3% down payment to $350,000
Neighborhood Advantage First Time Nome Buyer – 100% Financing. Requires good credit and has some income restrictions but great flexibility.
Zero Down First Time Home Buyer Mortgage - First time home buyer program allows 100% financing.
Nehemiah Foundation FHA First Time Home Buyer Loans – No down payment program. Standard FHA underwriting guidelines.
Nehemiah Conventional First Time Home Buyer Program - Higher loan limits. 102% financing 1% down payment.
VA First Time Home Buyer Loans –100% to $417,000 including VA Funding Fee.
80/20 First Time Home Buyer Program –No money down combination program. 80%of the sales price for the first loan and 20% for the second
CreditFlex 97 – 97% LTV requires 1% cash. Remaining funds may be gift/loan with closing costs financed.
Option Arm Mortgage- A new series of arms offering extremely low minimum payments and 40 year terms. To 95% with Lender Paid Mortgage Insurance
First Time Home Buyer 107% LTV - 107% LTV. Purchase and finance the sales price, closing costs, and reduce your consumer debt all in one loan
103% Mortgage Financing 30 year fixed rate or 7 year ARM program finances the sales price and your closing costs.
Conventional Loans - to 95% combined LTV. Referred to as 80/15/5 or 80/10/10. Eliminate Mortgage Insurance and maximize your tax benefits.
Teacher-Flex - Special program for teachers and school employees
Interest Only First Time Home Buyer Mortgage- Offer very low payments and flexibility. You may qualify for more home than you think!

I am seeing more first time home buyers evaluating an interest only mortgage approach to help qualify for a larger loan or to reduce your payment and give you flexibility in managing your mortgage payment.

I have included a page helping you understand how to calculate mortgage qualification ratios. After your credit scores, this is one of the most important factors in qualifying for a home loan.

I have included a page on mortgage documentation requirements. I also have a Free report "Buying your First Home" available to you by email.

Here is a short presentation for first time home buyers helping you understand the home buying and qualification process.

The list gives you an idea of the variety of low and no down payment loans available for the first time home buyer. Please let me know your situation and I will prequalify you for several first time home buyer loans.

Learn more about improving your credit scores

I have an article "Buying your home in 2008" by email explaining negotiating strategy in today's market.

As a Certified Mortgage Planning Specialist, I offer an analysis of your situation today can make suggestions on how small changes in how your consumer and mortgage debt is structured today can have a life changing effect in the years to come. Read more about this free, no obligation service.

New! View my Wealthbuilder presentation and learn the safe way to manage your debt and fund your retirement.

I hope the information on this page was useful to you. Please scroll down to view my Mortgage Market Guide. It is a weekly publication explaining the financial markets from a consumer's perspective that is available on this website or by email subscription. I have nearly 8,000 subscribers today and would be happy to have you as well. Your email address will never be used for any other purpose.

Prequalify for your First Time Home Buyer

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©Bob Gammache, CMPS
Certified Mortgage Planning Specialist

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