DirectPath

First-Time Homebuyer Guide

Buying your first home is exciting—and we're here to make it simple. Get expert guidance every step of the way.

First-Time Buyer Benefits

Special programs and support designed for first-time homebuyers

Low Down Payments

Put down as little as 3% with conventional loans or 3.5% with FHA.

Special Programs

Access down payment assistance and first-time buyer programs.

Expert Guidance

Our team specializes in helping first-time buyers navigate the process.

Educational Resources

Free guides and tools to help you make informed decisions.

Your Homebuying Roadmap

Follow these steps to navigate the homebuying process with confidence

1

Check Your Credit

Review your credit report and address any issues before applying.

2

Determine Your Budget

Use our calculator to see how much home you can afford.

3

Get Pre-Approved

Know your buying power before you start shopping.

4

Find Your Home

Work with a real estate agent to find the right property.

5

Make an Offer

Submit a competitive offer with your pre-approval letter.

6

Close & Move In

Complete the paperwork and get the keys to your new home.

Loan Options for First-Time Buyers

Compare programs designed for first-time homebuyers

Conventional Loans

Traditional financing with competitive rates and flexible terms.

Down Payment

As low as 3%

Credit Score

620+

Learn more

FHA Loans

Government-backed loans with more lenient credit requirements.

Down Payment

As low as 3.5%

Credit Score

580+

Learn more

VA Loans

Exclusive benefits for veterans and military members.

Down Payment

0%

Credit Score

No minimum

Learn more

USDA Loans

Zero down payment for eligible rural and suburban areas.

Down Payment

0%

Credit Score

640+

Learn more

Down Payment Assistance

Many first-time buyers qualify for down payment assistance programs that can help cover your down payment and closing costs. These programs vary by state and locality.

Check Your Eligibility

First-Time Buyer FAQs

Common questions from first-time homebuyers

Ready to buy your first home?

Get personalized guidance and find the right loan for your situation.