Your First Home Starts Here Affordable Loans

for First-Time Buyers

Buying your first home? We make it simple with low down payment options,

flexible credit requirements, and expert guidance every step of the way.

Making Homeownership More Affordable for First-Time Buyers.

Buying a home for the first time is exciting, but it can also feel overwhelming. First-time homebuyer loans are designed to make the process easier with:

Low Down Payment Options – As little as 3% down for qualified buyers.

Flexible Credit Requirements – Programs available for credit scores as low as 500.

Lower Interest Rates – Government-backed and special first-time buyer programs offer competitive rates.

Down Payment Assistance – Grants and state programs can help reduce upfront costs

No PMI Options – VA and some conventional loans let you avoid private mortgage insurance (PMI).

Who Qualifies as a First-Time Homebuyer?

To qualify for most first-time buyer programs, you must meet certain eligibility requirements.

Basic Requirements:

Haven’t owned a home in the past 3 years (for most programs).

Minimum Credit Score: 500+ (varies by loan type).

Stable Income & Employment History (2 years preferred).

Debt-to-Income (DTI) Ratio: Generally 43% or lower.

Meet Loan-Specific Income Limits (for USDA or assistance programs).

Check Your First-Time Buyer Eligibility

Explore Loan Programs for First-Time Buyers.

Finding the right loan is key to affordable homeownership. Here are the top mortgage programs designed for first-time buyers:

FHA Loans – Low Credit, Low Down Payment

3.5% down payment with 580+ credit score.

More flexible credit requirements than conventional loans.

Lower interest rates and easier approval for first-time buyers.

Learn More About FHA Loans

Conventional 97 Loan – Just 3% Down

Only 3% down payment required.

Great for buyers with good credit (620+ recommended).

Avoid mortgage insurance (PMI) faster than FHA loans.

Learn More About Conventional Loans

VA Loans – Zero Down for Veterans

No down payment and no PMI.

Lower interest rates for eligible veterans, active-duty military, and surviving spouses.

No strict credit score requirements.

Learn More About VA Loans

USDA Loans – Zero Down for Rural & Suburban Buyers

100% financing for homes in USDA-eligible areas.

Lower interest rates and low mortgage insurance costs.

Income limits apply.

Learn More About USDA Loans

Down Payment Assistance Programs

State and local programs offer grants, forgivable loans, and second mortgages to help with down payments and closing costs.

Available for eligible first-time buyers.

Learn More About Assistance Programs

Find the Best Loan for You

Answers to Your Biggest Homebuying Questions.

How much do I need for a down payment?

• 3.5% for FHA Loans

• 3% for Conventional 97 Loans

• 0% for VA & USDA Loans

What credit score do I need to buy my first home?

• 500+ for FHA Loans (with 10% down)

• 580+ for FHA (with 3.5% down)

• 620+ for Conventional Loans

• No strict minimum for VA loans

Are there any first-time homebuyer grants?

Yes! Many states and local governments offer down payment assistance programs that provide grants and low-interest loans.

Can I qualify as a first-time homebuyer if I owned a home before?

Yes! If you haven’t owned a home in the last 3 years, you may still qualify.

How much house can I afford?

Use our Mortgage Calculator to estimate your monthly payments.

Still Have Questions? Let’s Talk!

Start Your Homeownership Journey with Confidence

Buying your first home is exciting, and we’re here to make it easy and affordable. Whether you need low down payment options, flexible credit approvals, or down payment assistance, we’ll guide you every step of the way.

Get Pre-Approved Today

Schedule a Free Consultation

Harmony Home Mortgage provides expert home loan solutions, including FHA, VA, Conventional, USDA, and Non-QM loans. Licensed in FL, GA, NC, SC, and MI, we make homeownership simple and stress-free.