First Time Buyer
Down Payment Assistance
We offer down payment assistance to first time buyers up to the greater of 10 percent of purchase price or $7,500. This money may be used for down payment, closing costs and anything else. Even furniture! This zero interest money may be used with any of our programs including conventional, VA, FHA and USDA. Call for details about this exciting program.
Non-Traditional Credit
Our first time buyer programs are designed to accept non-traditional credit such as evidence of timely rent and utility payments. Little to no contribution from your own funds is required as funds for down payment and closing costs can come from a variety of sources including: gifts, grants, loans from relatives or nonprofit groups or, employer-assisted housing.
Non-Traditional Income
You don't need traditional income for a first time buyer mortgage. Rent from boarders, part-time income, overtime, government payments and other income are acceptable.
How it Works
First time buyer financing is available to help you buy or refinance a single-family home, condo, or a two to four family home that you will live in as your primary residence.
Qualifying income includes many sources besides wages, such as income from boarders. Proof that you handle credit responsibly can include rent payments, payments for utilities, or other payments you make on a regular basis.
Public Service Workers
Teachers, police officers, firefighters, health care workers, and eligible active and retired members of the United States Armed Forces use our first time buyer program. Actually, it was initially targeted for them as a way of helping those who serve our communities live in the same communities.