First Time Home Buyer Loans for Making your Ownership Dream a Reality

If you’re a first-time home buyer, not made any new property purchases in the last 3–5 years, you’re definitely eligible for a special finance program, created and customized for all ‘would be’ homeowners. Here in Arizona, all aspiring individuals can now look forward to the services of a premier loan consultant like “Affordable Interest Mortgage” that represents a wide network of A+ certified lenders. Their loan managers and mortgage specialists can help you find the right bank or lending agency that provides home loans AZ, even with a low credit score and history.

Therefore, it is always suggested to partner with an accredited and BBB Gold Star recipient mortgage brokerage firm that can guide you to the most appropriate lender. Whether you’re looking for a VA or FHA loan with minimum down payment, fixed & floating rate mortgages, down payment assistance or low credit score finance, their licensed loan specialists can assist you in every step, till you’re approved for a government sponsored first-time home buyers program. So, to make the property purchasing process easy and effortless, you need to contact a top mortgage home loan consultant in Arizona, or in any other place.

Learning Some Important Aspects of a First-Time Home Buyers Program

When you’re applying for conventional loans for the first time, be it Conventional 97 Mortgage, HomeOne Mortgage or Home Ready Mortgage, the down payment amount does not exceed 3% of actual price. Therefore, when you’re applying for first time home buyer loans Arizona, you must abide by the Freddie Mac and Fannie Mae set borrowing guidelines for home loan programs in any of the 50 odd US states. Then, one can go for government sponsored home buyers programs, especially from the Department of Veteran Affairs, Federal Housing Administration or Department of Agriculture. They cost less, have NO hidden clauses and maintain a high degree of transparency.

In fact, all first-time home buyer programs & loans are predefined by the US Department of Housing & Urban Development, and borrowers can avail benefits like tax breaks, federally backed loans and help from state programs. You need to consider your financial needs, and how much you can afford, before finalizing a loan program. Here an expert consultant can help you search for the right lender. And, if you cannot afford a high down payment, then a state sponsored or national first-time home buyer program can be the best fit for you.