First-time buyers are often just getting on their feet financially, so they benefit from borrower-friendly loan features like easier approval and down payment assistance. While loans specifically designed for your first home purchase may sound appealing, they are not always a perfect fit.

Lender Mortgage Rate Today, current mortgage rates remain at historic lows around 4% – with over 63% of homeowners with mortgages paying interest rates between 3% and 4.9%, according to the Census Bureau. As of June 2017, interest rates for new 30-year mortgages were as low as 3.89%.

This fixed-rate loan often works well for first time home buyers because it allows individuals to finance up to 96.5 percent of their home loan which helps to keep down payments and closing costs at a minimum.

HomePath Ready buyer program: fannie mae offers this product to first-time home buyers (people who have not owned a home in the past three years) the option to purchase foreclosed properties as-is for as little as 3% down. It also offers closing cost assistance in the form of seller concessions.

The VA program is arguably the best type of mortgage loan for a first-time home buyer in Oregon who happens to be in the military or a veteran. This program offers 100% financing, which eliminates the need for a down payment.

Here are some “insider” mortgage tips for first-time home buyers. Today, rates for 30-year fixed mortgages. Getting A Better Rate “You may be surprised by the options available to obtain a more.

Home Mortgage Lenders Near Me home loan borrowing costs continue to hover near the best. This is important because lenders tend to price loans more defensively when volatility is a problem. CURRENT MARKET: The "Best Execution".

Delaware First Time Home Buyers have many options to choose from when it comes to selecting a mortgage loan and a mortgage lender to help them obtain financing to purchase a home in Delaware. There are also various Delaware Down Payment Programs to help first time buyers with the required down payments and closing costs.

5 3 Mortgage Phone Number 11 reviews of Salem Five Mortgage Company "I couldn’t be more pleased with the work Salem Five did for me with a recent home purchase. They worked hard to earn my business with a very competitive rate, at fair terms, including reasonble closing.

When ranking home loans for first-time buyers and the best mortgage lenders for first-time buyers, below are some reasons Bank of America is a leader. Preferred Rewards If you’re already a Bank of America customer and searching for the best first-time home buyers loan products, you may be eligible for the Preferred Rewards program.

(Home Loans!) Zero Down Payment (No Down Payment) FHA (Mortgage) CalHFA Buying a home can be complicated and knowing which loan program is right for you can be a challenge. If you are a first time home buyer or an applicant in need of a no money down home loan there are many programs available to you.