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First Time Home Buyer
A starting point for the loan and down payment programs built for first-timers.
"First-time home buyer" isn't a single loan product — it's a category. If this is your first purchase (or your first in several years, which often still counts), you may have access to lower down payment minimums, more flexible credit guidelines, and local or state down payment assistance that other buyers don't.
Generally a good fit if you...
- Haven't owned a home in the last three years
- Are working with limited savings for a down payment
- Want a clear, step-by-step walkthrough of the process before you start looking
General guidelines
- Common fits: Conventional loans with as little as 3% down, FHA loans at 3.5% down, or VA/USDA if you qualify
- Assistance programs: state and local down payment assistance programs may be stackable with these loan types, depending on where you're buying
- Education: some first-time-buyer programs require a short homebuyer education course, which is usually quick and free
Buying your first home and not sure where to start?
Every situation is different, and these are general guidelines — the fastest way to know where you stand is a quick conversation. Send us a message or visit our team page to apply directly.