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The best home loan mortgage for the first time buyer can vary depending on the buyer's current job, financial stability, and other factors. Some recommended home loan mortgages include Wells Fargo and US Bank.

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Q: What is the best type of home loan mortgage for a first time buyer?
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Who has the best first time home buyer loans?

Your best bet when shopping around for a home buyer loan or a mortgage is to use a mortage broker. They will do the shopping around for you and get you the best rate. There is no fee to you for using a mortgage broker.


What should a first time home buyer look for in a mortgage loan?

The most important thing that a first time home buyer should look for in a mortgage loan is that it works for the person who is getting the loan. It's always smart to ensure that it's a reasonable amount and time, in order to fully pay off the mortgage when planned.


Where can one apply for a zero down home mortgage?

There are very few options available for a zero down home mortgage. These loans are often available for qualifying Veterans or Navy personnel but there is usually not many options for the general public. If one is a first time home buyer there are occasionally options for a zero down mortgage. One can pre-apply for this first time buyer loan on the 'First Home Buyers' website.


Where is a good place to get your first home mortgage?

The best place to get a first home mortgage is through a bank or even a mortgage broker. They often will offer the best rates and advise on how much one can afford to pay for a first home.


How can one UK resident get a first time home buyer mortgage?

A UK resident can get a first time home buyer mortgage through a local financial institution such as "RBC Royal Bank" and "Halifax". Often they will also qualify for tax credits the next time they file income taxes.

Related questions

Who has the best first time home buyer loans?

Your best bet when shopping around for a home buyer loan or a mortgage is to use a mortage broker. They will do the shopping around for you and get you the best rate. There is no fee to you for using a mortgage broker.


What tools are available for the comparison of mortgage rates?

You can compare mortgages and find the best mortgage rates at MoneySupermarket. Whether you___re a first time buyer, moving home, looking for a buy-to-let mortgage or remortgaging.


Where can one apply for a zero down home mortgage?

There are very few options available for a zero down home mortgage. These loans are often available for qualifying Veterans or Navy personnel but there is usually not many options for the general public. If one is a first time home buyer there are occasionally options for a zero down mortgage. One can pre-apply for this first time buyer loan on the 'First Home Buyers' website.


What should a first time home buyer look for in a mortgage loan?

The most important thing that a first time home buyer should look for in a mortgage loan is that it works for the person who is getting the loan. It's always smart to ensure that it's a reasonable amount and time, in order to fully pay off the mortgage when planned.


Where is a good place to get your first home mortgage?

The best place to get a first home mortgage is through a bank or even a mortgage broker. They often will offer the best rates and advise on how much one can afford to pay for a first home.


How can one UK resident get a first time home buyer mortgage?

A UK resident can get a first time home buyer mortgage through a local financial institution such as "RBC Royal Bank" and "Halifax". Often they will also qualify for tax credits the next time they file income taxes.


Who can be considered as a first time home buyer?

It i more likely that a first time home buyer is someone that has never bought a home before, either that means that you have never picked out the home or you have and someone else has paid for it. Either way that person would be a first time home buyer. Depending on what state you live in there are factors that could place you in the category of first time home buyer even if you have previously owned a home. In New Jersey, if you haven't owned a house in the last 3 years, you are considered a first time home buyer and are eligible for the First Time Home Buyer Program funded by the New Jersey Housing and Mortgage Finance Agency (NJHMFA). This loan offers a below market, fixed interest rate and can even help with down payment. I would check with a mortgage company in your state to see if there are similar programs available.


Who currently offers the best mortgage rates for first time buyers?

To find the best mortage rates for a frist time home buyer , you should contact a mortage broker to run credit and compare several banks


Can you have owned a home and be a first time buyer?

In New Jersey, if you haven't owned a house in the last 3 years, you are considered a first time home buyer and are eligible for the First Time Home Buyer Program funded by the New Jersey Housing and Mortgage Finance Agency (NJHMFA) which offers a below-market, fixed interest rate and can help with your down payment.


As a house buyer what should a person look for in purchasing their first home?

As a first-time house buyer purchasing their first home, the person should first consider which type of home best suits their needs and what specific features the ideal home would have. One should also consider the price range and mortgage one would qualify for. Before closing the deal, one should obtain a home inspection for the quality, safety and overall condition of the home.


How long is the average first time buy mortgage?

Most First-Time Home Buyer mortgage programs require a 30-year mortgage although there are some exceptions. Most offer a lower down payment or even no down payment but there are downsides to these programs. Consultation with a reputable mortgage broker and your banker will help cut through the confusing language and give you the best advice.


Does one have to be a first time home buyer to qualify for an FHA loan?

No, you do not have to be a first time homebuyer to qualify for an FHA loan; however, a first time home buyer is often better suited for a FHA loan as the government insures the loan which gives the buyer a lower interest rate and a lower down payment requirement. You can read more about FHA loans here: http://www.lendingtree.com/mortgage-loans/advice/mortgage-types/fha-loan-eligibility/ Yes, you must be a first time home buyer to qualify for an FHA loan. FHA loans are designed to help first time home buyers to afford their purchase.