First Time Home Buyer Programs built to get you in.
Popular loan programs for first time home buyers — FHA, conventional 97, VA, USDA, and state-level down payment assistance.
First time home buyers typically have a lot of questions and we love to help!
Before finding your new home, we can help you get pre-qualified. We can also help find you a loan program that best fits your needs.
Buying your first home is a very exciting step! Falmouth Mortgage Group loan specialists are here to guide you through every step of the loan process.
Before finding your new home, we can help you get pre-qualified for free. We can also match you with a trusted real estate agent through our partner networks. Our variety of loan options allow you to buy your first home with little money down and we will work to ensure the loan payments meet your unique needs.
First time home buyers have a lot of questions and our loan specialists are always available to provide personal attention. They can explain the application process, provide tips to use during your home search, and make sure that you find the perfect home for your needs and budget.
Popular Loan Programs for First-Time Home Buyers:
30-Year Fixed Rate Mortgage
The most secure loan program. Lock in a low payment and sleep tight knowing that your rate will not change.
FHA Loan
Perfect for the buyer that wants to put less money down. Purchase your house with as little as 3.5% down!
VA Loan
An amazing deal for veterans and military members. Those who qualify for this loan can purchase with no down payment and no PMI. Find out today if you qualify!
Get started today!
Fill out the questionnaire on this page to start a discussion about your mortgage needs today!
First Time Home Buyer FAQs
Do I have to be a first-time buyer to use these programs?
Most first-time-buyer programs define 'first-time buyer' as someone who has not owned a home in the last 3 years. Many state and local down-payment assistance programs use the same definition.
What is the smallest down payment I can make?
As little as 0% with a VA or USDA loan if eligible, 3% with conventional first-time-buyer programs, or 3.5% with FHA. Many state and local programs add down-payment-assistance grants on top.
How long does the process take?
From offer to close, most first-time purchases close in 21–30 days. Rate locks typically run 30–60 days, giving you a buffer.
Also worth looking at
Fixed Rate Mortgage
Interest rate and payments remain the same for the entire term of the loan. Common terms are 30, 20, 15, and 10 years.
Learn moreFHA Loan
A government-insured loan with flexible requirements — lower down payments, lenient credit, and competitive rates.
Learn moreVA Loan
Flexible VA home loans as either fixed-rate or ARM mortgages — for eligible service members, veterans, and surviving spouses.
Learn moreRehab Loan
Roll the costs of renovation into your loan — for buyers of fixer-uppers and owners planning major improvements.
Learn more