We are a nationwide lender and our firsthomebuyer loan programs are underwritten, closed, and funded in-house which saves you a tremendous amount of time processing your loan. Firsthomebuyers must Get Pre-Approved and have a pre-approval letter in their hand before they start looking for a home. There are many programs and down payment options availalbe but you only need to apply one time and our team members will qualify you for all the eligible programs.
USDA 100% Financing Program
Zero down payment
620 minimum credit score
Property must be located in targeted rural area. Check property eligibility.
Income restrictions apply. Check income eligibility.
Seller can pay 6% of purchase price toward closing costs
Low Down Payment which can be 100% gift from family member or Grant Program
Seller can pay closing costs-Maximum 6% of purchase price
There is maximum mortgage amount for each county. Check FHA loan limit for your county.
600 Minimum Credit Score
More flexible underwriting guidelines and extenuating credit and income circumstances may be considered by the lender.
Non-occupant co-signers are allowed on this program.
FHA Approved Condos-Single family home-2-4 unit properties, and PUDs are eligible.
Fast automated underwriting approval available. Also, the file can be manually underwritten by a live person to get loan approval if you do not receive approval through automated underwriting system.
FHA Foreclosure Program
Must be HUD Owned property or FHA Foreclosure in HUD Participating Communities
$100 Down Payment than standard FHA program
660 minimum credit score
Single family, 1-4 unit properties, HUD approved condominiums, and PUDS eligible
Find Foreclosures Now!
Down Payment Plus Assistance Program
Receive up to $6,000 in downpayment assistance toward down payment and closing costs
Must meet income guidelines
Single family and 2 unit properties eligible
Great fixed rate loan program with Zero Down Payment for veterans or active military personnel in Army, Navy, Marine Corps, Air Force, Coast Guard, and National Guard.
600 credit score
Single family home-VA approved condo-townhome
Loan amounts greater than $424,100 are available
Down Payment Assistance/Grant Programs
Most first time home buyers do not have funds for down payment and closing costs and there are many great programs which can assist you with these funds. Check your state for local programs or email Dream@FirstHomeBuyers.net for grant programs available in your area.
Dream Makers Program
Grant program which matches your contribution three-to-one up to maximum up $5,000
Military personnel (Active Duty, Reserve, National Guard, Veteran) are eligible for this program
FHA, VA, and USDA 30 year fixed zero down loan programs available
There are maximum income limitations
Apply for grant
Good Neighbor Next Door
$100 Down Payment Option
Get home at 50% discount on home in target areas-Check out homes now!
Law enforcement, police officers, teachers, firefighters, and emergency technicians are eligible for this program
Conventional, FHA, VA loan programs available
Streamline 203k Renovation Loan
Repairs which range from $5,000-$30,000+ may be included in loan amount. Great program to fix up foreclosures.
Visit 203K Loan for more details on Streamline 203k program
Fannie Mae HomeReady Program
More flexible credit guidelines-Limited credit history and non-traditonal credit items such as rent, electric, health club membership dues, etc. can be used as alternate credit history to qualify for the loan
Loan designed for low to moderate income borrowers.
No income limits in low income census tracts.
Low down payment and flexible sources of funds eligible
No credit score or traditional credit history required. Non-traditional credit such as rent, utilites, and car insurance payments eligible.
Lower mortgage insurance options
Parents can co-sign or be co-borrower without occupying your new home
Additional income sources can be used to help qualify for the program such as non-borrower household member, non-occupant borrower(s) such as parent, and rent from accessory unit ( e.g., basement or garage apartment).
Fannie Mae 97% Conventional Program
3% down payment
No minimum contribution from borrower's own funds-100% gift okay
Lower monthly PMI or one-time up front mortgage insurance options to eliminate monthly PMI and lower mortgage payment
No income restrictions
Single family homes, townhomes, non-FHA Approved condos are eligible
Home Possible Advantage Program
720 minimum credit score
1% down payment
Income restrictions do apply but "underserved areas" have no income restrictions. Check income eligibility.
Lower mortgage insurance which can be can cancelled when home has 20% equity
No minimum contribution from borrower's funds-down payment and closing costs can come from flexible sources such as gift from family member or unsecured loan from employer.
Single family, condo, townhome, PUD
Home Possible Neighborhood Solution Mortgage
600 minimum credit score
Low down payment
More flexible guidelines if you are a Teacher, Law Enforcement Officer, Fireman or Firefighter, Healthcare Worker, Nurse, Emergency Medical Technician (EMT), Active Military Personnel, or Veteran in Armed Forces.
Lower mortgage insurance
No minimum contribution from borrower's funds-down payment and closing costs can come from flexible sources such as gift, affordable second mortgage, or unsecured loan from employer.
More flexible income underwriting guidelines
Income restrictions do apply
Single family, condo, townhome, 2 unit, PUD
Fannie Mae HomePath Ready Buyer™ Program
This program allows borrowers to take course to qualify for closing cost assistance equal to 3% of the purchase price when you purchase HomePath foreclosure.
Register and take course now.
First Look™ -HomePath offers first time home buyers "first look" at foreclosures listed on HomePath.com usually up to 20 days after listing is made public and you can negotiate and purchase foreclosed properties before they are made available to investors.
Fannie Mae NO PMI Program
700 credit score
No PMI or private mortgage insurance which significantly lowers your payment
Piggyback Mortgage Loan
You should consider this jumbo alternative loan program if you intend to purchase home over the $424,100 conventional loan limit.
Lower payment than Conventional loans with PMI (Private Mortgage Insurance) and FHA loans
1st and 2nd mortgage combination loan
Less than 20% down payment
No mortgage insurance
100% Gift Purchase Program
Conventional Fannie Mae Program
660 minimum credit score
Down payment can be 100% gift from relative or fiance
Fixed rate loan