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First-Time Homebuyers

First-time Homebuyer

As of December 13th 2014, qualified first-time homebuyers may purchase a home with as little as 3% down. Previously the minimum required down payment was 5% of the purchase price, regardless of first-time homebuyer status.

However, after conducting consumer research, Fannie Mae found that saving enough money for the down payment was a primary barrier to home ownership for many first-time homebuyers. With this in mind, they decided to decrease the minimum required down payment to 3% for first-time homebuyers.

Get preapproved for this loan program today!

To find out whether you can qualify for this exciting new first-time homebuyer program, please fill out the contact form to the right and someone from our Preapproval Team will be in touch with you as soon as possible. It’s that simple!

Get Your Quote Today:

Please fill out the form below to receive a no-obligation quote on a home loan with Flat Branch.
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