First Time Homebuyer Loan Options

Great news! With the many options now available for qualified buyers, you may be able to buy a home sooner than you ever thought possible.

Looking for your first home? Consider these low- and no- down payment options.

97% (3% Down) Conventional Loan

  • Loan amounts up to $726,200
  • Up to 3% seller contributions allowed
  • Gift funds allowed toward closing costs​

96.5% (3.5% Down) FHA/FHA High Balance Loan

  • Loan amounts up to $472,030 / $1,089,3001
  • Up to 6% seller contributions allowed
  • Gift funds allowed toward closing costs

95% (5% Down) Conventional High Balance Loan

  • Loan amounts up to $1,089,3001
  • Up to 3% seller contributions allowed
  • Gift funds allowed toward closing costs

100% (No money down) VA Loan

Veterans, active-duty service personnel, and reservists deserve to live the American dream that they help protect. Features of the VA loan program include:

  • Loan amounts up to $1,500,000
  • Up to 4% seller contributions allowed2
  • Gift funds allowed toward closing costs

100% (No money down) USDA Guaranteed Rural Housing Program

If you’ve been house hunting in an outlying area, a guaranteed rural housing loan is designed to create opportunities for those with limited savings or modest incomes.3

  • Loan amounts up to $726,200
  • Up to 6% seller contributions allowed
  • Gift funds allowed toward closing costs

All products listed above are for the purchase of a primary residence only.  Low down payment options may not be the best option for all borrowers. Loans with low down payment features may require monthly mortgage insurance which could increase the overall cost of the loan. Talk with a home mortgage consultant for additional details. Contact us today for a complimentary consultation.

1. $1,089,300 maximum loan amount is available in high balance areas only. Contact your mortgage consultant for details.

2. Excludes normal discount points and borrower’s closing costs.

3. Property location and income restrictions apply, and homebuyer education may be required.

4. *HomeServices Lending, LLC is not affiliated with or endorsed by any government agencies.

*Not all borrowers will qualify

*Not all borrowers will qualify

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First Time Homebuyer Loan Options
Great news! With the many options now available for qualified buyers, you may be able to buy a home sooner...
Learn more
Low Down Payment
Qualified first-time home buyers may be able to get a conventional loan for as little as a 3% down.
Learn more
FHA Streamline
Allows qualified borrowers to refinance a current FHA mortgage loan to a lower interest rate more quickly and ...
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USDA Loans
Offers eligible borrowers in rural areas with no-down-payment financing options. These loans must meet certain criteria.
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