Federal First-Time Homebuyer Programs

Federal programs provide vital support to first-time homebuyers across the United States. These include FHA loans backed by the Federal Housing Administration, VA loans for veterans, USDA loans for rural areas, and down payment assistance programs.

These programs are designed to make buying a home more accessible, especially for those with limited savings or lower credit scores.

- Must be a first-time homebuyer (not owned a home in the past 3 years)
- Meet income and purchase price limits depending on the program
- Property must be your primary residence
- Credit score and debt-to-income ratio requirements apply
- Additional requirements may vary by program

- Low down payment options (as low as 3.5%)
- Reduced interest rates for qualified buyers
- Flexible credit score requirements
- Closing cost assistance and grants available
- Access to government-backed loan security

1. Determine your eligibility
2. Choose a participating lender
3. Gather required documentation (income, tax returns, credit report)
4. Complete the loan application and pre-approval
5. Complete homebuyer education (if required)
6. Submit your offer and close on your new home