As a first-timer on First Time Home Buyer Programs, you can get enjoy benefits that include special loans that come with low-interest rates, down payment, closing cost assistance, and more. Learn more about first-time home buyer programs.

First Time Home Buyer Programs

In the meantime, first-time home buyer programs and grants offer you the loan that you need to purchase your dream home or help you in becoming homeownership. We will provide you with the best national grants, programs, and loans for first-time home buyers. With the program, you can get your first home with the benefit of not making a 20 percent down payment.

First-time Home Buyer Program and Lenders in USA

Northeast

First-time home buyer programsParticipating lenders
ConnecticutCHFA lenders
MaineMaineHousing lenders
MassachusettsMassHousing lenders
New HampshireNew Hampshire Housing lenders
New JerseyNJHMFA lenders
New YorkSONYMA lenders
PennsylvaniaPHFA lenders
Rhode IslandRhode Island Housing lenders
VermontVHFA lenders

Midwest

First-time home buyers programsParticipating lenders
IllinoisIHDA lenders
IndianaIHCDA lenders
IowaIowa Finance Authority lenders
KansasKHRC lenders
MichiganMSHDA lenders
MinnesotaMHFA lenders
MissouriMHDC lenders
NebraskaNIFA lenders
North DakotaNDHFA lenders
OhioOhio Housing Finance Agency lenders
South DakotaSouth Dakota Housing lenders

South

First-time home buyer programsParticipating lenders
AlabamaAHFA lenders
ArkansasADFA lenders
DelawareDelaware State Housing Authority lenders
District of ColumbiaDCHFA lenders
FloridaFHFC lenders
GeorgiaGeorgia Dream lenders
KentuckyKentucky Housing lenders
LouisianaLouisiana Housing Corporation lenders
MarylandMaryland DHCD lenders
MississippiMississippi Home Corporation lenders
North CarolinaNCHFA lenders
OklahomaOHFA lenders
South CarolinaSC Housing lenders
TennesseeTHDA lenders
TexasTDHCA lenders
VirginiaVHDA lenders
West VirginiaWest Virginia Housing lenders

West

First-time homebuyer programsParticipating lenders
AlaskaAHFC lenders
ArizonaArizona Department of Housing lenders
CaliforniaCalHFA lenders
ColoradoCHFA lenders
HawaiiHHFDC lenders
IdahoIdaho Housing and Finance lenders
MontanaMontana Housing lenders
NevadaNevada Housing Division lenders
New MexicoMFA New Mexico lenders
OregonOHCS lenders
UtahUtah Housing Corp lenders
WashingtonWSHFC lenders
WyomingWyoming CDA lenders

Benefits of First-time Homebuyer Programs

First-time homebuyer programs, grants, and loans serve as a form of financial assistance in providing you with the funds you need to become a proud homeowner. However, eligibility includes people that meet the required income restrictions and have excellent credit scores. Here are some of the benefits enjoyed:

  • Grants
  • You get assistance as well as a closing fee
  • Deferred payments whereby you won’t be charge interest.
  • Savings on interest.
  • Loan forgiveness.

Keep in mind, the following programs vary in different locations or situations. You can encounter certain restrictions like financial need and more.

What to consider with First-time homebuyer programs?

First of all, before you can start shopping for a first-time homebuyer program, grants and loans, you need to know that you must meet the definition of a first-time home buyer. In most nonprofit and government program, a first-time homebuyer is considered as someone that doesn’t have a home or haven’t owned a home for the last 3yrs.

While some government-backed programs like USHA loan and FHA stated that the property must meet the required standards which determine your qualification. Also, you might find also find requirements like income restrictions for local and state programs.

Best Mortgage Lenders for First-time Homebuyers

Keep in mind, there are rooms for mortgage lenders, but as a first-time homebuyer, it is a good idea to work with a broker that will provide you with assistance and various options that you need. Here are some of the reputable best lenders:

  • Trusit
  • LowRates.com
  • Navy Federal Credit Union

In conclusion, each participating lender has a different process for first-time homebuying. Therefore, you can visit their respective website to view the process and also the requirement.