First Time Home Buyer

    • Grant options available: a 3.5% grant and a 2% grant
    • The 3.5% grant** offers a true “no money down solution” with up to an additional 3% toward closing costs
    • If you have borrowers who do not need the “no money down” solution, you can offer a lower interest rate†
    • No repayment required
    • No need for a second lien on the property
    • May be combined with up to 6% seller concession for closing costs
    • Minimum qualifying credit score
    • Can be used with the FHA 203(b) program or any of our FHA renovation programs, as well as the FHA One-Time Close program
    • Program has expanded to include eligible properties located in an underserved census tract:Underserved Census Tract Look-Up Tool