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First-Time Home Buyer Programs

Buying your first home is a big step and we have the answers you’re looking for.

There’s a lot to consider when buying your first home.  How’s your credit?  Will you need a down payment?  Are there other costs you’ll need to pay for?  What first-time home buyer programs are available?

To get answers to these questions and to see how much you may qualify for, you’ll need a first-time home buyer mortgage specialist with extensive knowledge of loan programs to help you buy your first home. 

How’s your credit?

A solid track record of existing credit will have a big impact on your ability to get a mortgage.  Any combination of three or more open and active credit cards, vehicle loans, student loans or personal loans with positive history are ideal.  However, we also have loan programs that can use utility, insurance, and phone plan payment history to qualify as well.

Will you need a down payment?

Needing 20% down to buy a home is a myth.  We have VA and USDA Rural Development loans that are both Zero Down, Conventional HomeReady & HomePossible loans with only 3% down and FHA loans with 3.5% down. 

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Are there other costs you’ll need to pay for?

There are costs specific to buying a home aside from your down payment.  They generally fall into five categories. 

  • Third Party Closing Costs
  • Property Taxes
  • Homeowners Insurance
  • Daily Interest
  • Real Estate Agent Fees

The good news is that you may not have to pay all these fees yourself!  Seller credits and first-time homebuyer grants can reduce what you owe at closing.  Contact us to learn more about seller credits and to see if you’re eligible for a grant. 

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Get a First-Time Home Buyer Specialist

  • Receive valuable insights from a mortgage specialist who understands your specific wants and needs.  Explain your unique situation and we’ll find solutions to help you buy your first house. 
  • Skip the trip!  We can do everything over the phone.  From our first call to application to e-signing any required documents.  Applying for a home loan has never been easier.
  • No first-year rookies here.  Our loan officers have decades of mortgage experience.  We explain the entire home buying process from start to finish and close loans in industry record times.
  • Buying a home is one of the largest financial transactions most people will experience in their lifetime.  We are here to help and educate you through every step. 

Rely on Advantage Lending Corp for the highest level of client care and communication to ensure a smooth and efficient experience.  Call us today at 248-608-RATE

Michigan First Time Home Buyer Programs
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