First-Time Home Buyer Programs | Low Down Payment Options
Purchase

First-Time Home Buyer Programs

Low down payment options, flexible credit paths, and assistance where available so you can start smart.

Why first-time buyer programs?

  • Down payments starting from 3%–3.5% (program-specific)
  • Grants/assistance and gift funds often allowed
  • Flexible credit guidelines on select programs
  • Fixed terms for predictable payments

Eligibility at a glance

  • First-time buyer status (or no ownership in past 3 years)
  • Credit & income per program/AUS
  • Homebuyer education may be required
  • Income/area limits for some assistance programs

Rate, APR & Payment (example)

Sample: $350,000, 30-yr fixed. APR includes certain costs of credit; note rate calculates P&I only. Taxes, insurance, and MI not included. Illustrative only; not a lock or commitment.

FAQs

What counts as a first-time buyer?
Typically someone who hasn’t owned a home in the last 3 years.
Can I use gift funds?
Often yes—documentation rules apply by program.
Is homebuyer education required?
Some programs require a brief online course and certificate.

Get pre-approved (First-Time Buyer)

Disclosures:
Program availability and terms vary. Underwriting approval required. Not a commitment to lend.