Buying your first home can be an overwhelming process. At Flat Branch Home Loans, we strive to make this process easy and efficient for you and your family. We understand every homebuyer has different financial and familial needs and we’ve catered to different eligibilities with our range of home loan programs. Our team of loan officers love working with first-time homebuyers and are ready to help you settle into the home you’ve always dreamed of as quickly and as affordably as possible.
There are countless loan programs made specially for first-time homebuyers, but which one is ideal for you? Each of these programs offer unique solutions to common concerns for first-timers. If you're curious about a particular program and its eligibility requirements, please reach out to one of our experienced loan officers. Our experts can help determine the best program for you!
Veterans Affairs (VA) loans are available to eligible veterans who are interested in purchasing a home loan. The perks include:
The biggest benefit to purchasing a home utilizing a Federal Housing Administration (FHA) loan is the low down payment requirement. Some of the specs include:
United States Department of Agriculture (USDA) loans allow rural homebuyers to purchase a home loan at an affordable price. Some of the perks and guidelines include:
HomeReady loans are designed to allow a diverse group of potential home buyers access to a conventional loan product without a large down payment. The specs include:
The Home Possible Mortgages meets the needs of low- to moderate-income homebuyers or homebuyers who live in high-cost or underserved areas. The perks include:
The Community Champions program was developed by Flat Branch Home Loans to show appreciation to those who serve the community. This program can be used in conjunction with VA, FHA, USDA and conventional loans. The Community Champions program features a free appraisal and, in some instances, a waived processing fee.
Missouri Housing Development Commission (MHDC) loans are down payment assistance programs allocated in the form of a forgivable second mortgage. Their First Place program was created specifically for first-time homebuyers. The specs include:
Please contact your loan officer for more information on the local assistance programs available to you!