Federal Program
Federal First-Time Homebuyer Programs
Unlock your path to homeownership with federal first-time homebuyer programs. From FHA loans to VA benefits, explore nationwide options designed to help you purchase your first home with lower costs and flexible requirements.
Program Details
Federal programs provide vital support to first-time homebuyers across the United States. These include FHA loans backed by the Federal Housing Administration, VA loans for veterans, USDA loans for rural areas, and down payment assistance programs.
These programs are designed to make buying a home more accessible, especially for those with limited savings or lower credit scores.
These programs are designed to make buying a home more accessible, especially for those with limited savings or lower credit scores.
Eligibility Requirements
- Must be a first-time homebuyer (not owned a home in the past 3 years)
- Meet income and purchase price limits depending on the program
- Property must be your primary residence
- Credit score and debt-to-income ratio requirements apply
- Additional requirements may vary by program
- Meet income and purchase price limits depending on the program
- Property must be your primary residence
- Credit score and debt-to-income ratio requirements apply
- Additional requirements may vary by program
Program Benefits
- Low down payment options (as low as 3.5%)
- Reduced interest rates for qualified buyers
- Flexible credit score requirements
- Closing cost assistance and grants available
- Access to government-backed loan security
- Reduced interest rates for qualified buyers
- Flexible credit score requirements
- Closing cost assistance and grants available
- Access to government-backed loan security
How to Apply
1. Determine your eligibility
2. Choose a participating lender
3. Gather required documentation (income, tax returns, credit report)
4. Complete the loan application and pre-approval
5. Complete homebuyer education (if required)
6. Submit your offer and close on your new home
2. Choose a participating lender
3. Gather required documentation (income, tax returns, credit report)
4. Complete the loan application and pre-approval
5. Complete homebuyer education (if required)
6. Submit your offer and close on your new home
Program Overview
Category
Federal Program
Maximum Assistance
$15,000
Official Program Website
Information about this program is provided as a resource and may be subject to change. Always verify details with the official program website.
Important Note
Program availability, terms, and requirements may vary by lender and location. Additionally, programs are subject to change based on policy updates and market conditions. Always consult with a mortgage professional for the most current information and to determine eligibility for specific programs.