First Time Home Buyer Loan Programs

Reserve guidelines are favorable at 6 months. Full Stock(s) value, bonds, and Vested Retirement. No additional reserves needed for additional Real Estate Owned (REO), financed or not. Primary residence. No Limit on Financed Properties. Purchase, 90% LTV on Owner-Occupied, including Cash Out Refinance.

New Jumbo with Guidelines to $4,000,000

Bank Statements, with bank statement pre-underwrite department for 12 and 24 months so we have the income before jumping through all the hoops of a full application, credit report, and disclosure.

Purchase Transactions - 640 Credit Score

Lender also offers DSCR, where you qualify based on rental property, no tax returns or income required and will allow title in an LLC, and can do multiple loans for one borrower. 24 Hour turn time in Underwriting

Get Pre-Qualified for your Next Mortgage without a Credit Check

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First Time Homebuyer Loan Highlights

First time homebuyers are permitted under this program, with a minimum loan amount of $150,000. Loan approvals and rate locks remain subject to federal, state, and county high-cost limits. Investment properties are eligible but limited to ARM products in certain states, including AK, DC, KS, MI, MN, NM, PA, and RI, while Illinois and New Jersey allow fixed-rate options only if vested in an entity. Restrictions apply—investment co-ops, rural properties with more than five acres, and homes in Hawaii lava zones 1 and 2 are ineligible.

Collateral Guidelines

A collateral review must be cleared before any rate lock request, and lock submissions must be made before 7:00 PM EST to avoid next-day processing. Standard lock periods are 30 days, with up to two 15-day extensions available. If the appraisal reflects a declining market, the maximum LTV will be reduced by 5%. In cases of lock expiration, worst-case pricing applies: loans may be re-locked at current market rates or extended at prior rates depending on daily pricing conditions.

Available in the Following States

Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

Unconventional Mortgages - A Wealth of Information and Service: (800) 718-8906

First Time Home Buyer