First-Time Homebuyer Programs

Buying your first home can feel overwhelming — but you're not alone. First-time homebuyer programs are designed specifically for people like you.

Whether offered by federal agencies, state governments, or local housing authorities, these programs provide:

- Down payment and closing cost assistance
- Affordable fixed-rate mortgages
- Tax credits through Mortgage Credit Certificates (MCCs)
- Homebuyer education and counseling

These resources are especially helpful for buyers with limited savings or lower credit scores. Many programs also target specific professions like teachers, veterans, or first responders.

- First-time buyer (not owned a home in the past 3 years)
- Meet local income and purchase price limits
- Property must be a primary residence
- Credit score and debt-to-income ratio must meet lender guidelines
- Must complete a homebuyer education course (in most cases)

- Save thousands in upfront costs
- Get access to below-market interest rates
- Qualify for forgivable or deferred-payment assistance
- Improve long-term financial health with structured support
- Tax breaks through MCC programs (where applicable)

- Check what programs are available in your area
- Choose a participating lender or housing counselor
- Get pre-approved for a mortgage
- Complete a homebuyer education course
- Submit application with necessary documents
- Receive assistance and close on your first home