First Time Homebuyer Programs

First time homebuyer programs are my specialty. Below are first time homebuyer programs allowing you to buy a home with a low down payment. Many first time homebuyer programs allow more debt than "conventional" programs making your dream of homeownership possible. Email first time homebuyer programs questions

FHA First Time Homebuyer Programs – Often the best choice in first time homebuyer programs.
Aggressive Home Loan - FHA first time homebuyers program clone but allows 3% down payment to $417,000
Neighborhood Advantage – 100% Financing first time homebuyer programs. Requires good credit and has some income restrictions but great flexibility.
No down payment program - First time homebuyer programs allows 100% financing.
Nehemiah Foundation Program – No down payment first time homebuyer programs.
Nehemiah Conventional Program - Higher loan limits. 102% financing 1
VA Loans Program –100% to $417,000 including VA Funding Fee.
80/20 –No money down combination first time homebuyer programs.
CreditFlex 97 – 97% LTV requires 1% cash. .
Option Arm Mortgage- new first time homebuyer programs offering low minimum payments and 40 year terms. To 95% with Lender Paid Mortgage Insurance
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
103% mortgage financing Fixed rate or 7 year ARM program finances sales price and closing costs.
Combination financing - to 100% combined LTV. Referred to as 80/20. Eliminate Mortgage Insurance and maximize your tax benefits.
Teacher-Flex - Special program for teachers and school employees
Interest Only Mortgage- 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 mortgage approach to help you qualify for a larger loan or to reduce your payment.

I have a page on calculating first time homebuyer program qualification ratios I have a page on first time homebuyer mortgage documentation requirements.

Learn more about first time homebuyer 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 homebuyer. Please let me know your situation and I will prequalify you for several first time homebuyer 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 homebuyers