FIRST-TIME HOMEBUYER PROGRAMS

Helping Virginians Step Into Homeownership with Confidence

Overview

Buying your first home is an exciting milestone — and it’s normal to have questions. We specialize in guiding first-time buyers through the process with clear information, patient support, and loan options designed to make your first home more affordable.

“First-time homebuyer” includes anyone who hasn’t owned a home in the last three years, which expands eligibility for many programs.

Popular Loan Types for First-Time Buyers

We help buyers compare programs such as:

• FHA (3.5% down)

• Conventional 97 (3% down)

• USDA (0% down in eligible areas)

• VA (0% down for eligible military borrowers)

These programs offer flexible guidelines, competitive rates, and options for buyers with limited savings.

Benefits for First-Time Buyers

✓ Lower Down Payments

Many first-time buyers use programs requiring only 3–3.5% down.

✓ Flexible Credit Standards

Ideal for new buyers without an extensive credit history.

✓ Support Throughout the Process

We walk you through budgeting, pre-approval, and understanding your monthly payment.

✓ Long-Term Guidance

We help you choose a loan that fits not just today — but your long-term financial goals.

What You’ll Learn When Working With Us

1. How Much You Can Comfortably Afford

We review your budget and provide a realistic loan estimate.

2. The Difference Between Pre-Approval and Pre-Qualification

We’ll explain which option strengthens your offer when shopping for a home.

3. How Monthly Payments Are Calculated

Including principal, interest, taxes, insurance, and mortgage insurance if applicable.

4. What to Expect at Closing

We walk through the full timeline so there are no surprises.

Frequently Asked Questions

Can I buy with 0% down?

Yes — if you qualify for USDA or VA.

Do I need perfect credit?

No. Many first-time buyers qualify with modest credit.

Should I buy now or keep renting?

We can help compare your monthly cost of renting vs. owning to make the decision clear.