First Time Mortgage

First time mortgage products are my specialty. Here are first time mortgage products allowing you to buy a home with a low or no down payment. Many allow more debt than "conventional" loans making homeownership possible. Email any questions on your first time mortgage. I have included a page on calculating first time mortgage ratios. Read more about First time mortgage Closing Costs

FHA – Often the best choice in first time mortgage programs.
Aggressive Home Loan - FHA clone first time mortgage allows 3% down payment to $417,000
Neighborhood Advantage – 100% first time mortgage. Requires good credit and has some income restrictions.
No down payment loan - First time mortgage program allows 100% financing.
Nehemiah Foundation Program – No down payment first time mortgage program. Standard FHA underwriting guidelines.
Nehemiah Conventional Program - Higher loan limits on your first time mortgage. 102% financing 1% downpayment.
VA –100% to $417,000 including VA Funding Fee. An excellent first time mortgage
80/20 –No money down combination first time mortgage program.
CreditFlex 97 – 97% LTV requires 1% cash. Remaining funds may be gift/loan with closing costs financed.
Option Arms- A new series of arms offering extremely 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 loan
103% LTV Program 30 year fixed rate or 7 year ARM program finances sales price and closing costs.
Combination financing - 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 Mortgages- 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 approach to help you qualify for a larger loan or to reduce your payment.

I have included a page on first time 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 buyers

The list gives you an idea of the variety of low down payment loans available. Please let me know your situation and I will prequalify you for several loans.

Learn more about improving your credit scores

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.

Prequalify for your First Time Mortgage.

ARMs Home Equity Interest Only Mortgage Investor Loans Jumbo Mortgage Links Reverse Mortgage No Downpayment Loans Refinance Center Site Map Vacation Home Loans Commercial Loans Mortgage Home

Certified Mortgage Planning Specialist

NEVER an Origination Fee!

VA Mortgage