#best home loans #

First Time Home Buyer Programs

Many firsthomebuyer loan programs are underwritten, closed, and funded in-house which saves you a tremendous amount of time processing your loan. Firsthomebuyers must Get Pre-Approved and have a preapproval letter in your hand before you start looking for a home. There are many down payment options available and you need to consult a loan officer to determine which programs best suits your financial needs.

Conventional Loans

Conventional Fannie Mae Program

660 minimum credit score

Down payment can be 100% gift from relative or fiance

Conventional low down payment loan

No minimum contribution from borrower's own funds

Community Solutions -Flexible guidelines if you are a teacher, firefighter, police officer, health care worker, or military personnel.

No PMI or private mortgage insurance

Get home at 50% discount on home in target areas-Check out homes now!

Law enforcement, police officers, teachers, firefighters, and emergency technicians are eligible for this program

Conventional, FHA, VA loan programs available

620 minimum credit score

Low down payment

You may be eligible if you are a Teacher, Law Enforcement Officr, Fireman or Firefighter, Healthcare Worker, Nurse, Emergency Medical Technician (EMT), Active Military Personnel, or Veteran in Armed Forces.

Lower mortgage insurance

No minimum contribution from borrower's funds-down payment and closing costs can come from flexible sources such as gift, affordable second mortgage, or unsecured loan from employer.

More flexible income underwriting guidelines

Income restrictions do apply

Single family, condo, townhome, 2 unit, PUD

Parent can purchase home for child as investment property

NO MI or mortgage insurance

This program allows borrowers to take course to qualify for closing cost assistance equal to 3% of the purchase price when you purchase HomePath foreclosure.

Additional income sources can be used to help qualify for the program such as non-borrower household member, non-occupant borrower(s) such as parent, and rent from accessory unit ( e.g. basement or garage apartment).

Check back to see if program is available.