FOR YOUR BEST INTEREST.

Financing Basics For First-Time Homebuyers

Obtaining a mortgage will be a crucial step in purchasing your first home, and there are several factors for choosing the most appropriate one. While the myriad of financing options available for first-time homebuyers can seem overwhelming, taking the time to research the basics of property financing can save you a significant amount of time and money.

Understanding the market where the property is located, and whether it offers incentives to lenders, may mean added financial perks for you. And by taking a close look at your finances, you can ensure you are getting the mortgage that best suits your needs.

Lenders

U.S. Department of Housing and Urban Development
Home buying programs in your state

Lender List
Find a HUD-approved lender in your area

Good Neighbor Next Door Sales Program
Program for law enforcement officers, pre-kindergarten through 12-grade teachers, firefighters, and emergency medical technicians looking for homes in revitalization areas

How FHA can help buy a home

VA Home Loans
US Dept of Veterans Affairs page on home loans

Rural Development Loans
United States Department of Agriculture has an assistance program that provides funding for single-family homes, apartments for low-income persons or the elderly, etc.

Down Payment Assistance Resource Directory
Provides links to government-subsidized programs by state

mortgageloan.com
This guide helps Hispanic homebuyers to better understand the home buying process

Hispanic National Mortgage Association
This association is a for-profit company focused on increasing homeownership opportunities for Hispanic families

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