First-time home buyers (FTHB) may use a number of different types of loan programs to purchase their first home.
Loan Options
All Loan Options
FHA Loan
FHA loans are loans from private lenders that are regulated and insured by the Federal Housing Administration (FHA).
VA Loan
A VA loan is a loan program offered by the Department of Veterans Affairs (VA) to help servicemembers, veterans, and eligible surviving spouses buy homes.
USDA Loan
The Rural Housing Service, part of the U.S. Department of Agriculture (USDA) offers mortgage programs with no down payment.
Reverse Mortgage
A reverse mortgage allows homeowners age 62 or older to borrow against their home equity.