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First Time Home Buyer Loans                                                                                                  

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 loans allow more debt than "conventional" loans making your dream of homeownership possible. Please feel free to email me with any specific questions.

I am seeing more first time home buyers evaluting an interest only first time home buyer loans approach to help you qualify for a larger loan or to reduce your payment while improving your flexibility in making your mortgage payment..

  1. FHA first time home buyer loans – Often the best choice in first time home buyer loans.
  2. Aggressive First Time Home Buyer Loan - FHA clone but allows 3% down payment to $350,000
  3. Neighborhood Advantage First Time Home Buyer Loans – 100% Financing. Requires good credit and has some income restrictions but great flexibility. 
  4. Zero Down first time home buyer mortgage - First time home buyer loans allow 100% financing.
  5. Nehemiah Foundation First Time Home Buyer Loans – No down payment program. Standard FHA underwriting guidelines.
  6. Nehemiah Conventional First Time Home Buyer Loans - Higher loan limits. 102% financing 1% down payment. 
  7. VA First Time Home Buyer Loans –100% to $417,000 including VA Funding Fee. 
  8. 80/20 First time home buyers loans –No money down combination program using 2 loans. The first is 80% of the sales price and the second is 20%
  9. CreditFlex 97 first time home buyer loans – 97% LTV requires 1% cash. Remaining funds may be gift/loan with closing costs financed. 
  10. Option Arm Mortgage- A new series of arms offering extremely low minimum payments and 40 year terms. To 100% with Lender Paid Mortgage Insurance 
  11. Homebuyer's 107% LTV - 107% LTV. Purchase or refinance and finance the sales price, closing costs, and reduce your consumer debt all in one loan
  12. 103% mortgage financing 30 year fixed rate or 7 year ARM program finances sales price and closing costs.
  13. Combination financing - to 100% combined LTV. Referred to as 80/15/5, 80/10/10, or 80/20. Eliminate Mortgage Insurance and maximize your tax benefits.
  14. Teacher-Flex - Special program for teachers and school employees
  15. Interest Only mortgage loans- Offer low payments and flexibility. You may qualify for more home than you think!

I am seeing more first time homebuyers evaluating an interest only first time home buyer loans approach to help you qualify for a larger loan or to reduce your payment while improving your flexibility in making your mortgage payment..

Read more about First time home buyer loans Closing Costs

I have included a page on how to correctly calculate your mortgage qualification ratios.

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

Here is a short PowerPoint presentation for first time home buyers explaining the home buying and qualification process.

The list gives you an idea of the variety of low or 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 homebuyer 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.

First Time Home Buyer Loans Prequalify for your First Time Home Buyer Loans 

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©Bob Gammache, CMPS
Certified Mortgage Planning Specialist

Carteret Mortgage
Leesburg and Smith Mountain Lake, VA

Phone (540) 719-1115
Toll Free (888) 648-1714
 bgammache@Verizon.net
AOL Instant Messenger bgammache1

NEVER an Origination Fee!

Extensive consumer information on construction,remodeling, first time homebuyer,and no documentation mortgages.                                                                                                                       Carteret Mortgage