Make your first home purchase easier to understand.
Buying your first home is a major milestone, and the mortgage process can feel unfamiliar at first. HUNT Mortgage helps first-time homebuyers understand their financing options, prepare for pre-qualification or pre-approval, and move through the homebuying process with guidance from experienced Mortgage Consultants.
Whether you are just starting to explore homeownership or are ready to begin your mortgage application, our team can help you compare loan options and choose a financing solution that fits your goals, budget, and timeline.
Mortgage options for first-time homebuyers
Many first-time buyers are concerned about saving for a down payment, managing monthly payments, and choosing the right type of loan. The good news is that several mortgage programs are designed to help qualified buyers purchase a home with a low down payment or flexible eligibility requirements.
CONVENTIONAL MORTGAGES
Conventional mortgages are not backed by a government agency and typically follow Fannie Mae and Freddie Mac guidelines. Some conventional loan programs may allow qualified first-time homebuyers to purchase with a down payment as low as 3%.
FHA HOME LOANS
FHA home loans are insured by the Federal Housing Administration and may offer flexible credit guidelines and low down payment options for qualified buyers.
VA HOME LOANS
Eligible active-duty service members, veterans, and surviving spouses may qualify for a VA home loan, which may allow qualified buyers to purchase a home with no down payment.
HOMEREADY MORTGAGES
A HomeReady mortgage may help eligible first-time homebuyers and other qualified borrowers purchase a home with a low down payment and flexible financing features.
Start with the right mortgage guidance.
Before you begin shopping, it helps to understand how much home you may be able to afford and which mortgage programs may be available to you. HUNT Mortgage can help you take the next step, from mortgage pre-qualification to pre-approval and beyond.
Ready to get started? Contact a HUNT Mortgage Consultant or request a home loan quote.
