First Time Home Buyers
Loans Available to purchase your first home!
Making Homeownership Possible
Your First Home Starts Here
Buying your first home is an exciting milestone — and one of the most rewarding investments you’ll ever make. As a first-time homebuyer, you may have questions about where to start, how much you can afford, and what loan options are right for you. My goal is to make the process simple, transparent, and tailored to your needs, so you can move from dreaming about a home to opening your front door with confidence.
There are many great programs available to help first-time buyers achieve homeownership, including FHA, VA, and Conventional loans, along with Down Payment Assistance (DPA) programs. These options can help lower your out-of-pocket costs, reduce credit requirements, or make qualifying easier. Together, we’ll explore which loan programs best fit your budget and long-term goals.
Buying your first home shouldn’t feel overwhelming. I’ll walk you through every step — from pre-approval and budgeting to closing and beyond — while keeping you informed and confident throughout the journey. My focus is on clear communication, education, and finding the right solution to make your first home purchase a success.
Ready to take the first step toward homeownership?
Let’s connect and review your goals, budget, and loan options. Together, we’ll create a plan that gets you into your first home with confidence and peace of mind.
FAQS
Frequently Asked Questions
What qualifies someone as a first-time homebuyer?
You’re considered a first-time homebuyer if you haven’t owned a home in the past three years. Some programs also include people who’ve owned property before but are purchasing again after a certain period.
How much money do I need for a down payment?
It depends on the loan program. FHA loans start at 3.5% down, while some Conventional loans allow as little as 3% down. USDA and VA offer 0% down. There are also down payment assistance programs that can help reduce or cover this amount.
Do I need perfect credit to buy a home?
Not at all. Many first-time buyer programs work with credit scores starting around 580. The key is understanding your credit and choosing a program that fits your financial profile.
How do I know how much home I can afford?
We’ll look at your income, debts, credit, and goals to determine your purchasing power. Getting pre-qualified or pre-approved helps you understand your price range before you start house hunting.
What are closing costs, and how much should I expect?
Closing costs include lender fees, title insurance, taxes, and other expenses associated with finalizing your mortgage. They typically range from 2–5% of your loan amount, and some programs or sellers may help cover part of them.
Can I use gift funds for my down payment?
Yes! Most loan programs allow gift funds from family members or close friends to be used for part or all of your down payment and closing costs.
Are there special programs for first-time buyers?
Yes. There are Down Payment Assistance (DPA) and state or local grant programs that can help cover your down payment or closing costs. Some lenders also offer first-time buyer incentives.
How long does the home buying process take?
The full process — from application to closing — usually takes 30–45 days. With preparation and prompt documentation, it can move even faster.
Shad Whaley NMLS# 1999864
My Style Mortgage Inc.; NMLS #2622728; www.NMLSConsumerAccess.org. Equal Housing Lender. Licensed in Idaho, Texas and Utah. For additional information please visit https://www.mystylemortgage.com/privacy-policy. Lending services provided by My Style Mortgage Inc. 115 N. Clark St. Rigby, ID 83442