First Time Home Buyers

Did you know that some purchase programs have different guidelines for First-Time Home Buyers? Some programs are designed to make your financing more affordable because it is your first home. Other programs will penalize you because you have never made a mortgage payment, and limit your financing.

There are many things a loan officer has to consider when finding financing for a first-time home buyer.

Is there rental history? How much higher will the mortgage payment be than the rental payments the borrower has been making?

Is there enough available monthly income for the borrower to make the mortgage payment, pay for taxes and insurance, repairs as needed and still maintain their other obligations.

What is the borrower's work history like? If the borrower is new is a recent college graduate, does their occupation relate to their field of study?

An experienced mortgage consultant knows the benefits and pitfalls that can accompany First Time Home Buyers and will make sure your first time buyer status is an asset, not a liability. Lending Tree receives applications from First Time Home Buyers all the time. They will match you with a qualified mortgage professional who will make the process as simple and complete as possible and work with you every step of the way. Your first purchase doesn't have to be a stressful process, let Lending Tree help.

Apply now and begin working on your piece of the American Dream.

We Understand the Needs of First Time Buyers.