Purchase Loans
Buying a home starts with understanding your options.
Buying your first home is an exciting milestone. It can also feel overwhelming when you are not sure where to start. Begin with what you may qualify for and what price range fits your budget. That one step helps you shop with confidence, and it makes your offer stronger when you find the right home.
Check If You QualifyLenditHome Powered By Alpha Home Lending, Inc.
Serving Utah, Florida, Idaho, Pennsylvania, and Texas.
Start before you start house hunting.
Know your numbers first. The rest of the process gets much simpler.
See what you may qualify for first. Before you tour a single home, it helps to know what price range fits your budget. Taking this step early means you shop with confidence from day one.
Review your options with a real person. We can walk through your options, estimate your payments, and point out loan programs that may require little money down.
Ask every question you have. If you are new to the process, you are not behind. We guide first time buyers every day. We answer questions, explain each step in plain English, and help you move forward at your pace.
Popular loan programs for first time buyers.
Several programs exist to make homeownership more accessible. One of them may fit you well.
Conventional First Time Buyer Loans
Strong credit opens this door. Programs from Fannie Mae and Freddie Mac allow qualified borrowers to purchase a home with as little as 3% down. This is a popular option for buyers with strong credit profiles.
FHA Loans
Flexible guidelines, small down payment. FHA loans allow buyers to purchase with as little as 3.5% down, with more forgiving qualification guidelines.
VA Loans
Built for those who served. Eligible service members and veterans can purchase with no down payment and no monthly mortgage insurance.
Utah Housing Loan Program
Help with the down payment itself. Utah residents may qualify for programs through Utah Housing that help cover the down payment and closing costs. Eligible buyers can purchase with little to no money down, and these programs can often be combined with FHA, VA, or Conventional loans.
Your debts decide how much home fits.
Lenders divide your monthly debts by your monthly income to get your debt to income ratio. Run your own numbers and see where you stand before you apply.
Run the Debt to Income CalculatorStart by seeing what you may qualify for.
Run a quick scenario and see which loan options may fit your situation. Compare programs side by side and take the first step toward homeownership.
Check If You QualifyPrefer to talk? Call Austin at (208) 821-0687.