Loan Programs For First Time Home Buyers

What Are Your Options As A New Homebuyer?

When you first begin to think about buying a home, it can feel daunting financially. Fortunately, there are a number of incentives to make the plunge into homeownership easier. As a first time homebuyer, there are unique loan programs available to you.

  • FHA Loans: The Federal Housing Administration (FHA) insures loans designed to make buying a home more affordable for Americans. With loans that require just 3.5 percent down, low interest rates, and more relaxed underwriting regulations, these loans are great for first time buyers.
  • VA Loans: The US Department of Veterans Affairs guarantees these loans that are available to veterans, men and women on active duty or in the reserves, and widows and widowers of veterans. Some VA loans do not require a down payment at all, and all of them have low interest rates.
  • Jumbo Loans: If you are a first-time homebuyer less concerned about your down payment and more concerned that primary California property will require you to take out a mortgage that exceeds the conforming loan limits, do not worry. A jumbo loan can help you get the loan you need to get into your dream property despite these restrictions. These loans are available as either fixed-rate or adjustable-rate mortgages and can help you into your ideal first home.

Do you have a real estate expert on your side that can help you understand how much house you can afford? To connect with a dedicated agent, contact Stella Tsakonas. Serving Lafayette, Orinda, Moraga, Alamo, Walnut Creek, Danville, and all the communities in between, I am here to meet all of your Contra Costa real estate needs. You deserve to know what options are available to you, and I am committed to helping first time buyers. Call me today!