Being a first time home buyer, you have many loan programs specifically tailored for your needs. These loans feature low down payments and easier approval guidelines that help you to qualify. Below you will see a list of the more popular first time homebuyer programs.

To get started immediately click here for our First Time Buyers on-line application.

• What is a First Time Buyer Loan?
• Who is Eligible for a First Time Buyer Loan?
• FHA and VA Loans for First Time Buyers
• Community Home Buyer Programs
• What is Escrow?
• Mortgage Credit Certificates
• Eagle First Time Buyers Program

What is a First Time Home Buyer Loan? - Apply Online

Purchasing your first home can be a daunting and confusing process for many, we have many home loan options to help assist you in making your decision for which loan is best for you. First time home buyer programs can offer lower interest rates, lower down payments, or reduced taxes. [back to top]

Who is Eligible for a First Time Buyer Loan? - Apply Online

First time home buyer programs are designed to help borrowers who may not have the funds to pay the full cost of a traditional down payment or the closing costs associated with a mortgage. In many states, there are even programs specifically tailored for your needs. These programs are easier to qualify for and make obtaining a mortgage more cost effective. You must not have owned a home in the past three years to be eligible for a first time home buyer program. [back to top]

IHFA and VA Loans for First Time Buyers - Apply Online

As a First Time Home Buyer, it may often be difficult to amass a considerably large down payment and everyone should have the opportunity to buy a home. This is the reason that the Government has stepped in to offer two loan programs in assisting homebuyers that have little or no down payment. These programs are called Idaho Housing adn Finance Association (IHFA) and the Veteran's Administration (VA). These are not solely intended for first time home buyers, though your home loan advisor will be able to determine if you meet the qualifications for either program and which would be acceptable for your needs. [back to top]

Community Home Buyer Programs - Apply Online

Community home buyer programs reduce the down payment you must pay by to 3% of the total down payment. This home loan program sometime requires that you take a class on home ownership in your own city and/or state. This type of program makes it possible for many people to have the opportunity to own a home. [back to top]

What is Escrow? - Apply Online An account in which a neutral third party holds the documents and money in a real-estate transfer until all conditions of a sale are met. In other words, escrow is where the transaction changes hands and prevents the seller from NOT receiving the money from a sale and prevents the buyer from NOT receiving the home that they have purchased. You will always want to use some type of escrow when dealing with large amounts of money and/or items, such as during a mortgage process. [back to top]

Eagle River Mortgage First Time Home Buyers Program - Apply Online

With Eagle River Mortgage , ourmortgage brokers will offer a wide variety of first time buyer programs for Eagle River Mortgage first time home buyers. We will make the process for securing an affordable loango as smoothly as possible for your home loan needs. [back to top]