Things To Know When Buying First Home ✪

: Ideal for lower credit (580+) or smaller down payments (3.5%); however, these require permanent mortgage insurance (PMI).

First-time buyers in 2026 have several loan paths, each with specific requirements: things to know when buying first home

: Most popular; requires a 620+ credit score and as little as 3% down for first-time buyers. : Ideal for lower credit (580+) or smaller down payments (3

: Zero down payment options for eligible veterans or buyers in designated rural/suburban areas. things to know when buying first home

: Many state and local programs offer grants or low-interest loans to help with upfront costs. Upfront & Ongoing Costs