First Time Homebuyer Loan Options
Great news! With the many options now available for qualified buyers, you may be able to buy a home sooner than you ever thought possible.
Looking for your first home? Consider these low- and no- down payment options.
97% (3% Down) Conventional Loan
- Loan amounts up to $726,200
- Up to 3% seller contributions allowed
- Gift funds allowed toward closing costs
96.5% (3.5% Down) FHA/FHA High Balance Loan
- Loan amounts up to $472,030 / $1,089,3001
- Up to 6% seller contributions allowed
- Gift funds allowed toward closing costs
95% (5% Down) Conventional High Balance Loan
- Loan amounts up to $1,089,3001
- Up to 3% seller contributions allowed
- Gift funds allowed toward closing costs
100% (No money down) VA Loan
Veterans, active-duty service personnel, and reservists deserve to live the American dream that they help protect. Features of the VA loan program include:
- Loan amounts up to $1,500,000
- Up to 4% seller contributions allowed2
- Gift funds allowed toward closing costs
100% (No money down) USDA Guaranteed Rural Housing Program
If you’ve been house hunting in an outlying area, a guaranteed rural housing loan is designed to create opportunities for those with limited savings or modest incomes.3
- Loan amounts up to $726,200
- Up to 6% seller contributions allowed
- Gift funds allowed toward closing costs
All products listed above are for the purchase of a primary residence only. Low down payment options may not be the best option for all borrowers. Loans with low down payment features may require monthly mortgage insurance which could increase the overall cost of the loan. Talk with a home mortgage consultant for additional details. Contact us today for a complimentary consultation.
1. $1,089,300 maximum loan amount is available in high balance areas only. Contact your mortgage consultant for details.
2. Excludes normal discount points and borrower’s closing costs.
3. Property location and income restrictions apply, and homebuyer education may be required.
4. *HomeServices Lending, LLC is not affiliated with or endorsed by any government agencies.
*Not all borrowers will qualify
*Not all borrowers will qualify
Fixed & adjustable rate mortgages
These are two of the most popular loan types when buying a home or refinancing your mortgage.
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FHA and VA mortgage programs
Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) loans are popular homebuyer...
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FHA streamline
Allows qualified borrowers to refinance a current FHA mortgage loan to a lower interest rate more quickly and ...
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VA loans
As a servicemember or veteran of the United States military, your duty has been to support and defend our ...
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Rapid Close ™
RAPID CLOSE is Prosperity's trusted platform for closing loans fast. Powered by Notarize, RAPID CLOSE allows ...
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Uplift
Our Uplift program ensures all FHA and VA qualified customers receive low rates and fees, which will reduce ...
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USDA Loans
Offers eligible borrowers in rural areas with no-down-payment financing options. These loans must meet certain criteria.
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Jumbo (Non-Conforming) Loans
Provide financing for loan amounts higher than the maximum conforming limits set by Fannie Mae and Freddie Mac.
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FNMA HomeReady ™
FNMA HomeReady™ by Fannie Mae is designed to help qualified borrowers in designated low-income, minority, and ...
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First Time Homebuyer Loan Options
Great news! With the many options now available for qualified buyers, you may be able to buy a home sooner...
Learn more
Low Down Payment
Qualified first-time home buyers may be able to get a conventional loan for as little as a 3% down.
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FHA Streamline
Allows qualified borrowers to refinance a current FHA mortgage loan to a lower interest rate more quickly and ...
Learn more
USDA Loans
Offers eligible borrowers in rural areas with no-down-payment financing options. These loans must meet certain criteria.
Learn more
3% Down First Time Homebuyer Program
Is your savings account standing between you and homeownership? We may be able to help.
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The Buyer Advantage
Getting pre-approved for a mortgage is a great place to start when buying a home, but if you want your offer to ...
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Lock, Shop & Home
We understand rising interest rates are a concern while searching for a home, but our Lock, Shop & Home program may ...
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BorrowSmart - Low Down Payment Program
You may qualify for up to $1,500 in down payment and/or closing cost assistance!
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Real Estate Investor Loan Programs
Let us help you reach your real estate investment goals with a variety of different programs.
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Good Neighbor Next Door
Contribute to the revitalization of your community while becoming a homeowner.
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Wedding Gift Funds
Planning your wedding or just married? Congratulations! If you’ve decided the next step in your life together will ...
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The Buyer Advantage
If you know what to expect, finding and financing your first home can be an exciting and rewarding experience!
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Calculate Your Mortgage Payment
Find out what your monthly payment will be with applicable finance charges, PMI, hazard insurance, and property taxes.
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Basics of Buying
Follow these helpful tips when applying for a mortgage to help make the process go smoothly.
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Things to Provide: Document Checklist
Use this handy checklist to gather documents for your home loan.
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Mortgage Process Roadmap
Wondering what to expect from start to finish when it comes to obtaining financing for your mortgage? Find out below.
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Understanding Your Credit Score
Learn about the 5 components that determine your credit score and how to manage it.
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Mortgage Glossary
Not sure what appraisal, escrow or private mortgage insurance are? Find out about these mortgage terms and more.
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