First Time Home Buyer Loans

There are variety of programs for first time home buyers available which offer down-payment assistance, gift, and flexible guidelines. For most programs first time home buyer mean that the homebuyers haven’t owned a house for the past 3 years, this sometimes applies to all borrowers or just one of them depending on the loan product. Some lenders also offer special incentives to their first time home buyer prospects to encourage home ownership within communities.

First time home buyer loans in Missouri, Arkansas, Illinois, Kansas, and nearby areas.

Advantages of First time home buyer loans

Who Can Benefit?


Options to get down-payment incentives and gift money from various sources.

Getting incentives on rates and fees from the lenders who offer them.

Mortgage payments could be cheaper than renting in some cases.

Being able to get cheaper mortgage insurance (PMI) in some cases.


First Time Home Buyer Programs

USA Mortgage goes above and beyond to bring as many as of First time home buyer loans and programs to its clients and referral partners. Some of these loan options are but not limited to: MDHC loans, Home Possible, Fannie Mae Home Ready and City of Columbia Grant Money. USA Mortgage has received a lot of recognition for being a great choice for their clients to finance their first home. It’s very important our clients know and understand the details of their mortgage and receive accurate advice.


USA Mortgage Advantage

Offering majority of first time home buyer loans and programs.

Offers incentives on rates and terms (check with your loan officer).

Accepts lower credit scores to many other lenders.

Offers great advice and tools during and after the loan process.


First Time Home Buyer Grants

USA Mortgage is a Home Loan lender with local offices throughout Missouri, Arkansas, Illinois, and nearby areas. Here at the Abadi Region, We have all the resources needed to make your dream a reality. Are you ready to move forward with your first home purchase? One of our experienced mortgage professionals will guide you every step of the way. Apply now and find out if you qualify for first time home buyer grants.


FAQs for First Time Home Buyers

What are the options for first time home buyers?

Qualifying first time home buyers have many different options to choose from including home loan options to help cover the down payment and closing fees.

How do you qualify as a first time home buyer?

You can qualify as a first time home buyer if you haven’t owned a home in the last 3 years. You can start the home loan application process or give us a call to get a few more details. 

What are the requirements for a first time home buyer?

For most loan programs, being a first time home buyer means you have not owned a home within the last 3 years. Each first time home buyer program has different credit and debt-to-income requirements varying from program to program. Give one of our loan specialists a call to see if you meet the requirements.