Jeni VanOrnum | Real Estate Insights & Education

First-time homebuyers have access to numerous programs designed to make homeownership more affordable. Let’s explore your options.

FHA Loans

Federal Housing Administration loans require as little as 3.5% down and accept lower credit scores (typically 580+). These government-backed loans are incredibly popular with first-time buyers.

VA Loans

If you’re a veteran, active military, or eligible spouse, VA loans offer zero down payment and no private mortgage insurance (PMI). It’s one of the best benefits available.

USDA Loans

Buying in a rural or suburban area? USDA loans offer zero down payment for eligible properties and income levels.

State and Local Programs

Many states offer first-time buyer grants, down payment assistance, and tax credits. These programs vary significantly by location, so research what’s available in your area.

Conventional 97 Loans

These require just 3% down from Fannie Mae and Freddie Mac with competitive interest rates for qualified buyers.

Good Neighbor Next Door

Teachers, law enforcement, firefighters, and emergency medical technicians can purchase HUD-owned homes at 50% off in revitalization areas.

Why This Matters

Understanding available programs could save you tens of thousands of dollars. Many first-time buyers assume they need 20% down, but numerous programs require much less.

Let’s Discuss Your Options

As someone who specializes in helping first-time homebuyers, I can connect you with lenders familiar with these programs and help determine which options best fit your situation.