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Get your First Time Home Loan

A first-time home loan is a type of mortgage loan that is designed for individuals who are buying their first home. This loan is typically offered at a lower interest rate than other types of mortgage loans, with a lower down payment requirement, and more flexible credit score requirements.

What is a First Time Home Loan?

A first-time home loan is a type of mortgage loan that is designed for individuals who are buying their first home. This loan is typically offered at a lower interest rate than other types of mortgage loans, with a lower down payment requirement, and more flexible credit score requirements.


First-time home loans can be offered by various lenders, including banks, credit unions, and mortgage companies. The eligibility criteria, interest rates, and loan terms may vary depending on the lender, so it's important to shop around and compare offers from different lenders to find the best deal.


To qualify for a first-time home loan, you will typically need to provide documentation of your income and employment, as well as your credit history. You may also need to provide a down payment, which is a percentage of the purchase price of the home that you are buying. Some first-time home loan programs offer down payment assistance or require a lower down payment than traditional mortgages.


Overall, a first-time home loan can be a great option for those who are buying their first home and looking for a more affordable way to finance the purchase. It's important to do your research and work with a reputable lender to find the best loan for your individual needs and financial situation.

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Put your mortgage to work for you

Cash out

Leverage your investment and take advantage of the equity your home has built for years.

Great For

Renovating your home

Paying down high-interest debt

Use my equity

Lower payments

Increase your financial security by refinancing to lower your monthly mortgage payment.

Great For

Increasing cash flow

Saving for retirement

Lower my payment

Reduce loan term

Why wait when you can refinance into a shorter term and pay your mortgage off.

Great For

Reducing interest
Paying off mortgages faster

Reduce my term

FAQs

Got a question? We’re here to help.

  • What is the minimum credit score needed to qualify for a first-time home loan?

    The minimum credit score needed to qualify for a first-time home loan varies depending on the lender and the specific loan program. Some lenders may require a credit score of 620 or higher, while others may accept lower scores.

  • How much money do I need to put down on a first-time home loan?

    The amount of money you need to put down on a first-time home loan will depend on the lender and the specific loan program. Some first-time home loan programs require as little as 3% down, while others may require a larger down payment.

  • What documents do I need to apply for a first-time home loan?

    To apply for a first-time home loan, you will typically need to provide documentation of your income and employment, as well as your credit history. You may also need to provide bank statements, tax returns, and other financial documents.

  • Can I get a first-time home loan if I have bad credit?

    It may be more difficult to qualify for a first-time home loan with bad credit, but it is still possible. Some lenders offer first-time home loan programs specifically for borrowers with less-than-perfect credit. You may also be able to improve your chances of getting approved by providing a larger down payment or working with a co-signer.

  • How do I choose the right lender for my first-time home loan?

    To choose the right lender for your first-time home loan, you should compare offers from several lenders and look for a loan program that meets your needs and financial situation. You should also check the lender's reputation and customer service record to ensure that you work with a reputable lender.