National first-time buyer loan programs
- FHA loans — 3.5% down, 580 credit.
- Fannie Mae HomeReady — 3% down, reduced PMI for buyers at or below 80% of area median income.
- Freddie Mac Home Possible — 3% down with similar income limits.
- VA loans — 0% down for eligible service members and veterans.
- USDA loans — 0% down in eligible rural and suburban areas.
State and local programs
State housing finance agencies (HFAs) offer first mortgages, down payment assistance and tax credits. Cities, counties and nonprofits often add grants. Browse our state pages to see programs where you're buying.
How to qualify
- Meet income and purchase-price limits.
- Use a participating lender.
- Complete an approved homebuyer education course.
- Live in the home as your primary residence.
Frequently asked questions
Often yes — for example a state HFA first mortgage plus a city grant — as long as each program's rules allow it.
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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.