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First time home buyers typically have a lot of questions and we love to help!

Before finding your new home, let us help educate and guide you step by step and help you get pre-qualified. We will help you choose a first time home buyers loan program that best fits your needs.

First Time Home Buyer

Buying your first home is a very exciting step! Our team of experts at Guarantee Mortgage are here to guide you through every step of the loan process.

Before finding your new home, we can help you get pre-qualified for free. We can also match you with a trusted real estate agent through our partner networks. Our variety of loan options allow you to buy your first home with little money down and we will work to ensure the loan payments meet your unique needs.

First time home buyers have a lot of questions and our loan specialists are always available to provide personal attention. They can explain the application process, provide tips to use during your home search, and make sure that you find the perfect home for your needs and budget.

Popular Loan Programs for First-Time Home Buyers:

FHA Loan

Perfect for the buyer that wants to put less money down. Purchase your house with as little as 3.5% down!

VA Loan

An amazing deal for veterans and military members. Those who qualify for this loan can purchase with no down payment and no PMI. Find out today if you qualify!

Conventional Loan Programs With 3% Down

Freddie Mac’s Homeone Product

First-time homebuyers product with 3% down payment solution.

  • Purchases up to 97% LTV
  • No income restrictions
  • Available in all geographic locations
  • Eligible for single family homes, including townhouses and condos
  • At least one borrower must be a first time homebuyer
  • Close most loans in 19 days or less

Fannie Mae’s HomeReady Product

Conventional options for borrowers looking to purchase with a low down payment. Use the Fannie Mae Lookup Tool to see HomeReady area income Limits.

  • Purchases up to 97% including FTHB (First Time Home Buyers)
  • Reduced Mortgage Insurance
  • High Balance available
  • Income up to 80% of the AMI (Average Median Income)
  • Gift funds eligible for entire down payment
  • Close most loans in 19 days or less

Freddie Mac’s Home Possible Product

Home Possible is a great alternative to FHA financing for borrowers looking to purchase with a low down payment or refinance with limited equity. Use the Freddie Mac Lookup Tool to see if a property is eligible and area income limits.

  • Up to 97% LTV
  • 640+ FICO
  • First time homebuyers, move-up borrowers and retirees
  • Refinances up to 97% LTV, regardless of current mortgage program
  • High Balance available
  • Income up to 80% of the AMI
  • Close most loans in 19 days or less

Get started today!

Fill out the questionnaire on this page to start a discussion about your mortgage needs today!

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