Call Toll Free 833-381-8733
Speak With Our Experts
Check Rate Calculator Here
Apply Now Apply Now

First Time Homebuyers

First Time Home Buyer Programs in the USA

Since 2001, the helpful folks at Hometown Equity Mortgage have guided friends and neighbors in St. Charles County, Missouri to find the perfect home, quickly and painlessly as possible. We’re committed to doing everything in our power to provide clients a worry-free mortgage loan process, from application to completion… and we’re a pleasure to work with!

Note: We’re now licensed to serve you in 46 States as well! Call us today at: 833-381-8733

Zero Down Payment Home Loans

There are only two grant programs available to purchase a home with a zero down payment:

1)  Veterans or VA Loans
Military veterans may be able to qualify for affordable, below market interest rates in obtaining mortgage financing through the VA program. Qualified veterans are those who served on active duty and applied for financing within 25 years after the date of which the veteran left service.
Read more at Veterans Affairs.

2)  USDA or Rural Loans
For a USDA loan there are restrictions to where you can live.
Read more on USDA Loans

If you don’t wish to buy in a rural area or aren’t a veteran, then please read the following information.

FHA Home Loans & Lending Programs

An FHA loan is a mortgage insured by the Federal Housing Administration, a government agency within the U.S. Department of Housing and Urban Development. The FHA loan offers energy efficient mortgages, loans for manufactured or mobile homes, 203k rehabilitation loans and several other programs.

In the housing market turndown, FHA home loans have become one of the most popular options. Borrowers with FHA home loans pay for mortgage insurance which protects the lender from a loss should the borrower default on the loan. Because of that insurance, mortgage lenders can offer attractive interest rates. Click to read much more information on FHA loans here

How Do I get Started With a Zero Down Mortgage Loan?

Hometown Equity Mortgage makes it easy to get a first time home buyer loan with zero down. Call us and we’ll be happy to discuss your needs at (855) 563-4836

Certain restrictions and credit approval apply; not all applicants will qualify. All approvals are subject to underwriting guidelines which include but are not limited to: acceptable credit & income history, current homeowners insurance, property value, debt to income ratio, etc. Minimum & maximum loan amounts apply. Please contact Hometown Equity Mortgage for further details.