Is a First-Time Buyer Program Right for you?
If you’re purchasing your very first home, a First-Time Buyer Program could be the key to making it all possible—without feeling overwhelmed by costs or confusion. These programs are designed specifically to help new buyers get into the market with lower down payments, competitive rates, and guidance at every step.
If you’re dreaming of homeownership but unsure where to start, this program can offer the clarity, support, and financial advantage you need to move forward with confidence. It’s ideal for renters ready to build equity or individuals tired of waiting for the “perfect time” to buy.
Benefits of First-Time Buyer Programs
First-Time Buyer Programs are packed with benefits that make homeownership more accessible. From reduced down payments (as low as 3%) to down payment assistance and flexible credit requirements, these programs are tailored to make your first purchase more affordable.
You also gain access to educational resources, support from loan experts, and sometimes even grants or reduced closing costs. It’s not just about buying a home—it’s about doing it the smart way, with less stress and more support.
Eligibility Requirements for First-Time Buyer Programs
To qualify, you typically must be purchasing your first home—or not have owned a home in the past three years. A stable income, steady employment, and a fair credit score (often starting around 620) are important, but many programs are designed to work with buyers who are still building their financial profile.
You may also need to complete a homebuyer education course and meet income or purchase price limits depending on the specific program. At Foundation Lending Partners, we walk you through the options and help you choose the path that fits your goals and budget best.
