First Time Home Buyer Loans
We Are STRONG
Strong Home Mortgage provides first-rate mortgage services as well as mortgage financial literacy on LinkedIn, Twitter, and Facebook to bolster your position. We are veteran-owned and licensed in 46 U.S. states. Our team of over 250 seasoned professionals is passionate and delivers a transparent, efficient process. We offer a range of loans (conventional, VA, FHA, Jumbo) plus a Premium Buyers program and a $6,000 on-time closing guarantee for today’s competitive market. We look forward to serving you.
Prepare for home buying success.
Where to Start as a First-Time Buyer?
There are many considerations when shopping your first home. There’s the location, overall style, number of bedrooms/baths, and so much more. For a mortgage lender to discuss a loan, you’ll need: 1. property value (could also be your budget), 2. property type (e.g. single family), 3. location (zip code), 4. loan term (e.g. 30 vs. 15 years), 5. range of credit score(s) (e.g. excellent is 740+).
STRONG HOME MORTGAGE seeks to expand your home buying knowledge and preparedness to help bridge the gap to more experienced buyers in the market. Next steps for FIRST-TIME BUYERS include:
Call 1-800-862-7803 to discuss
HomeReady® from Fannie Mae and HomePossible® from Freddie Mac are designed to help low-income borrowers with fair credit (>620 former, >660 latter) to purchase a home. Down payment is just 3%, with cancelable mortgage insurance. Explore detailed similarities, differences, and requirements below.
Federal Housing Administration (FHA) loans offer less restrictive credit parameters and as little as a 3.5% down payment. U.S. Department of Veterans Affairs (VA) loans are reserved for active military personnel, veterans, and eligible surviving spouses. Enjoy no down payment or maximum loan amount.