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First Time Home Buyer Programs                                                                                                  

First time home buyer programs are my specialty. Below are first time home buyer programs allowing you to buy a home with a low down payment. Many first time home buyer programs allow more debt than "conventional" programs making your dream of homeownership possible. Email first time home buyer programs questions
  1. FHA First Time Home buyer Programs – Often the best choice in first time home buyer programs.
  2. Aggressive Home Loan - FHA first time home buyers program clone but allows 3% down payment to $417,000
  3. Neighborhood Advantage – 100% Financing first time home buyer programs. Requires good credit and has some income restrictions but great flexibility. 
  4. No down payment program - First time home buyer programs allows 100% financing.
  5. Nehemiah Foundation Program – No down payment first time home buyer programs.
  6. Nehemiah Conventional Program - Higher loan limits. 102% financing 1 
  7. VA Loans Program –100% to $417,000 including VA Funding Fee. 
  8. 80/20 –No money down combination first time home buyer programs. 
  9. CreditFlex 97 – 97% LTV requires 1% cash. . 
  10. Option Arm Mortgage- new first time home buyer programs offering low minimum payments and 40 year terms. To 95% 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 program
  12. 103% mortgage financing Fixed rate or 7 year ARM program finances sales price and closing costs.
  13. Combination financing - to 100% combined LTV. Referred to as 80/20. Eliminate Mortgage Insurance and maximize your tax benefits.
  14. Teacher-Flex - Special program for teachers and school employees
  15. Interest Only Mortgage- Offer 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 you qualify for a larger loan or to reduce your payment.

I have a page on calculating first time home buyer programs qualification ratios I have a page on first time homebuyer mortgage documentation requirements.

Read more about First time home buyer programs Closing Costs

Learn more about first time home buyer programs in the Mortgage Library  I also have a Free report "Buying your First Home" available by email.

This gives you an idea of the variety of low 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 programs. If you are sure about the right program for you, request a Good Faith Estimate before you apply.

Many of my clients are converting from fully amortizing payments to an interest only approach with a significantly lower monthly payment. I have some extensive information available. Read more to see if this powerful tool could work for you.

Here is a short PowerPoint presentation for first time home buyers

Read more about credit scores

Learn more about improving your credit scores

In 2008, Short Sales are where most of the real bargains in real estate are. Learn more about Short Sales

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

As a Certified 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 Mortgage presentation and learn the safe way to manage your debt and fund your retirement.