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 PopularBest For: First Time Homebuyers, Low Credit Scores, Lowest Rates, Easy Qualification
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
$498,257 - $776,550
HomeReady® Purchase Loan
Most PopularBest For: First Time Homebuyers, Low Down Payments
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
$766,550
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
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
$498,257 - $776,550
HomeReady® Purchase Loan
Best For: First Time Homebuyers, Low Down Payments
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
$766,550
HomeOne® Purchase Loan
Best For: First Time Homebuyers, Easy Process
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
$766,550
97% LTV Conventional Purchase
Best For: First Time Homebuyers, Low Down Payments
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
$766,550
Home Possible® Purchase Loan
Best For: First Time Homebuyers, Low Down Payments
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
$766,550
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
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
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
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
$498,257 - $1,149,825
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
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
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
* 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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