First-time homebuyers have several loan options to choose from, each with its unique features. FHA loans require a low down payment, making them a popular choice. VA loans cater to active duty military members, veterans, and their families, offering 100% financing, no down payment, and other benefits. USDA loans, offered to those buying homes in eligible rural areas, require no down payment and offer flexible credit requirements. For those with good credit, conventional loans offer flexible down payment options and interest rates. It's important to research and compare each option and seek guidance from a lender to make an informed decision.
Independent mortgage lenders like GoPrime Mortgage, Inc. provide a full range of home loan loan products and competitive rates for first time buyers. Call Zachery and his team at 828 348-1907!!