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First Time Homebuyer Mortgage Programs in the USA

Looking for the best first time homebuyer mortgage programs in the USA? You need to know about these 188 programs. Sign up to get your personalized mortgage review, which includes the options that best fit your unique scenario and the ability to compare different loan programs to find the perfect match.

Looking for just the first time homebuyers home loan programs in USA that fit your unique situation? Start your free personalized mortgage review by clicking here.

Popular First Time Homebuyers Loan Programs

Check out the most popular first time homebuyers loan programs in USA

FHA Purchase Loan
Most Popular

Best For: First Time Homebuyers, Low Credit Scores, Lowest Rates, Easy Qualification

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Low down payment requirements, easier qualification guidelines, lower rates, and flexible terms for first time homebuyers and beyond.

Min. Credit Score

580

Min. Down Payment

3.5%

Max. Loan Amount

$472,030

HomeReady® Purchase Loan
Most Popular

Best For: First Time Homebuyers, Low Down Payments

Learn More

Competitive pricing, affordable mortgage insurance and flexible qualification for buying a home with limited income and funds.

Min. Credit Score

620

Min. Down Payment

3%

Max. Loan Amount

$726,200

To see more loan optionsnow!
  • Purchase (7)

First Time Homebuyers Options for Purchasing a Home

We searched our national mortgage program database to find all of the purchase home loan options specific to USA:

FHA Purchase Loan

Best For: First Time Homebuyers, Low Credit Scores, Lowest Rates, Easy Qualification

Learn More

Low down payment requirements, easier qualification guidelines, lower rates, and flexible terms for first time homebuyers and beyond.

Min. Credit Score

580

Min. Down Payment

3.5%

Max. Loan Amount

$472,030

HomeReady® Purchase Loan

Best For: First Time Homebuyers, Low Down Payments

Learn More

Competitive pricing, affordable mortgage insurance and flexible qualification for buying a home with limited income and funds.

Min. Credit Score

620

Min. Down Payment

3%

Max. Loan Amount

$726,200

HomeOne® Purchase Loan

Best For: First Time Homebuyers, Easy Process

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A low down payment solution to help first time homebuyers with limited savings take advantage of the benefits of a conventional loan program.

Min. Credit Score

620

Min. Down Payment

3%

Max. Loan Amount

$726,200

97% LTV Conventional Purchase

Best For: First Time Homebuyers, Low Down Payments

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The popular 97% LTV Purchase Program from Fannie Mae helps first time homebuyers by allowing for down payments as low as 3%.

Min. Credit Score

620

Min. Down Payment

3%

Max. Loan Amount

$726,200

Home Possible® Purchase Loan

Best For: First Time Homebuyers, Low Down Payments

Learn More

Low down payment financing from Freddie Mac with discounted fees for creditworthy low and moderate income borrowers across the US.

Min. Credit Score

620

Min. Down Payment

3%

Max. Loan Amount

$726,200

Load More…

Special Programs for First Time Homebuyers

These additional loan programs available in USA may provide help for down payment and closing costs, qualification for borrowers who don't fit the traditional mold, and unique portfolio programs for special situations.

Utah Housing FHA Purchase Loan

Best For: First Time Homebuyers, Low Credit Scores

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FHA program for Utah residents seeking down payment assistance, offered by the Utah Housing Corporation (UHC).

Min. Credit Score

620

Min. Down Payment

3.5%

Max. Loan Amount

$472,030

TSAHC FHA Purchase Loan

Best For: First Time Homebuyers, Low Credit Scores

Learn More

FHA program for Texas residents seeking down payment assistance, offered by the Texas State Affordable Housing Corporation (TSAHC).

Min. Credit Score

620

Min. Down Payment

3.5%

Max. Loan Amount

$472,030 - $571,550

FHA 203(k) Standard Renovation Loan

Best For: First Time Homebuyers, Low Down Payments, Home Renovations

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The FHA 203(k) Standard allows borrowers to purchase a home and include for the cost of renovations in the loan, with as little as 3.5% down payment.

Min. Credit Score

620

Min. Down Payment

3.5%

Max. Loan Amount

$472,030 - $1,089,300

Up to 50% of Price or ValueYour Estimated Renovation Fund

Texas Veteran VA Loan

Best For: First Time Homebuyers, Low Credit Scores, Lowest Rates, Zero Down

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The TexVet VA Loan allows Texas Veterans to purchase a home with a competitive, low-interest loan and zero down.

Min. Credit Score

580

Min. Down Payment

0%

Max. Loan Amount

$726,200

CalHFA FHA Loan

Best For: First Time Homebuyers, Low Down Payments, Lowest Rates

Learn More

FHA program for California residents with below market interest rates and down payment assistance options.

Min. Credit Score

640

Min. Down Payment

3.5%

Max. Loan Amount

$472,030 - $1,089,300

Load More…

* Some loan programs may not be offered by all featured lenders of ReviewMyMortgage.com and qualification guidelines may vary between them. Our team makes their best effort to keep loan program information up to date. Loan programs may change without warning. ReviewMyMortgage.com does not guarantee or offer any loan products. ReviewMyMortgage.com is strictly an educational resource hub for consumers.

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