How Conventional for First-Time Helps First-Time Buyers
Some conventional programs allow lower down payments for first-time buyers, but rules vary by lender and location.
Get StartedBenefits
- ✓Low down payment options may be available
- ✓Mortgage insurance can be removed later
- ✓No upfront government insurance fee
- ✓Flexible property types
- ✓Competitive pricing for strong credit
Eligibility Requirements
- Credit requirements vary by lender
- Income limits may apply for certain programs
- Homebuyer education may be required
- Primary residence required
- Documented income and assets
How It Works
1
Check eligibility for first-time buyer programs
2
Complete required homebuyer education
3
Get pre-approved with your lender
4
Find a home and make an offer
5
Complete appraisal and underwriting
6
Close and begin building equity
The Questions Everyone Asks
Explore Other First-Time Buyer Resources
Ready to Start Your Homeownership Journey?
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