Buyer Programs — Buying A Home First Time

: A Fannie Mae and Freddie Mac program allowing a 3% down payment for first-time buyers with credit scores typically above 620. Federal Housing Administration

: Designed for rural and some suburban areas, offering $0 down payment for low-to-moderate income borrowers. buying a home first time buyer programs

First-time homebuyer programs in 2026 generally target three main areas of assistance: lower down payment requirements, financial aid for upfront costs (down payments and closing costs), and ongoing tax benefits. : A Fannie Mae and Freddie Mac program

: Available to veterans and service members with $0 down payment and no monthly mortgage insurance. : Available to veterans and service members with

Federal programs offer lower credit score requirements and reduced down payments compared to conventional loans.

: Requires a minimum down payment of 3.5% for credit scores of 580+. Borrowers with scores as low as 500 may qualify with a 10% down payment.