Buying your first home is a very exciting step! Veteran Mortgage Brokers loan specialists are here to guide you through every step of the loan process.
Before finding your new home, we can help you get pre-qualified for free. We can also match you with a trusted real estate agent through our partner networks. Our variety of loan options allow you to buy your first home with little money down and we will work to ensure the loan payments meet your unique needs.
First time home buyers have a lot of questions and our loan specialists are always available to provide personal attention. They can explain the application process, provide tips to use during your home search, and make sure that you find the perfect home for your needs and budget.
Popular Loan Programs for First-Time Home Buyers:
30-Year Fixed Rate Mortgage
The most secure loan program. Lock in a low payment and sleep tight knowing that your rate will not change.
FHA Loan
Perfect for the buyer that wants to put less money down. Purchase your house with as little as 3.5% down!
VA Loan
An amazing deal for veterans and military members. Those who qualify for this loan can purchase with no down payment and no PMI. Find out today if you qualify!
Get started today!
Fill out the questionnaire on this page to start a discussion about your mortgage needs today!
Frequently Asked Questions
What is considered a first-time homebuyer?
A first-time homebuyer is typically someone who hasn’t owned a primary residence in the past three years. However, some loan programs may extend this definition to others, such as single parents or individuals who previously owned a home with a former spouse.
Are there special loan programs for first-time homebuyers?
Yes. Several programs—such as FHA, VA, USDA, and certain conventional options—offer features that may benefit first-time buyers, including lower down payment requirements, flexible credit guidelines, and potential down payment assistance through state or local programs.
How much down payment does a first-time homebuyer need?
Down payment requirements vary by loan type. Some programs may allow as little as 3% down for qualified buyers, while others—like VA or USDA loans—may offer zero down payment options.
What costs should first-time homebuyers budget for besides the down payment?
In addition to the down payment, buyers should plan for closing costs, homeowner’s insurance, property taxes, and potential maintenance or repair expenses after move-in.
Can first-time homebuyers qualify with limited credit history?
Possibly. Many first-time buyer programs are designed to accommodate limited credit histories. Lenders may consider alternative credit sources, such as rent or utility payment history, when evaluating eligibility.
