Buying your first home is a big step. The federal and state governments offer a variety of programs that can make taking that step easier for many would-be homeowners. These include government-insured mortgages, such as Federal Housing Administration (FHA) and Veterans Administration (VA) loans, and state-sponsored bond programs. To qualify for these loans, borrowers must fall within certain annual income limits. In addition, the Federal National Mortgage Association (FNMA, or Fannie Mae) offers start-up loans with low down-payment requirements.

A good first step for any first-time homebuyer is to talk with a professional mortgage consultant to see what options are available and what you can afford.

Learn about FHA and VA loans.

Learn about state bond programs.

We can tell you more about loan options for first-time homebuyers.