: 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 (3.5%); however, these require permanent mortgage insurance (PMI). things to know when buying first home
: Zero down payment options for eligible veterans or buyers in designated rural/suburban areas. : Most popular; requires a 620+ credit score
Beyond the purchase price, you must budget for several additional expenses: 7 Tips for First-Time Homebuyers - DFPI : Most popular
: Many state and local programs offer grants or low-interest loans to help with upfront costs. Upfront & Ongoing Costs
First-time buyers in 2026 have several loan paths, each with specific requirements: