🏠 Home Loan for First-Time Buyers: Everything You Need to Know

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Introduction

Buying your first home? It’s exciting—but also stressful. This guide breaks down home loans for first-time buyers in the U.S., including programs, rates, and tips.

What Is a First-Time Buyer Loan?

It’s a mortgage tailored for people who’ve never owned a home (or not in 3+ years), often with low down payments and special perks.

Top Loan Options

  • FHA Loans – 3.5% down

  • VA Loans – 0% down (for veterans)

  • USDA Loans – Rural housing

  • Conventional 97 Loan

Requirements

  • Steady income

  • Credit score ≥ 620 (FHA allows 580)

  • Debt-to-income ratio < 43%

Tips to Get Approved

  • Save for closing costs

  • Avoid big purchases

  • Get pre-approved

Conclusion

Home loans for first-time buyers make it easier to get on the property ladder. Do your research and choose a plan that fits your long-term goals.

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