Buying your first home is a very exciting step! First Look Home Loans loan specialists are here to guide you through every step of the loan process.

Before you start your home search, you’ll want to get pre-approved.  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:

FHA Loan

Low down payment options, flexible credit standards, and expanded debt to income ratio limits.  Purchase a home with as little as 3.5% down.

Conventional Loan

Several first time home buyer options are available through Fannie Mae and Freddie Mac, the largest conventional loan investors.  These loans are often referred to as “conforming loans”.  Here a few of the available programs:

• Freddie Mac Home Possible – 3% down, income restrictions apply (80% area of median income), discounted mortgage insurance premiums
• Freddie Mac HomeOne – 3% down, no income restrictions
• Freddie Mac BorrowSmart – 3% down, income restrictions apply (80% area of median income), closing grants available, discounted mortgage insurance premiums
• Fannie Mae HomeReady – 3% down, income restrictions apply (80% of area median income), discounted mortgage insurance premiums

VA

No down payment required for eligible service members and veterans, flexible credit standards, and expanded debt to income ratio limits.

USDA

No down payment required for properties in eligible rural and suburban areas.  Household income limits apply.