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Understanding First Time Homebuyer
Nearly 30% of all home purchases are made by first-time buyers. If you are feeling overwhelmed, you are not alone, and there are more resources available to help you than ever before. From FHA loans with low down payments to state-sponsored assistance programs, first-time buyers have unique advantages that experienced buyers do not.
First-time buyers have access to exclusive programs
How NMHL Helps
Proven solutions for first time homebuyer
Personalized Consultation
Speak with a licensed expert who understands your unique situation and guides you to the right program.
Flexible Loan Programs
Access programs designed for borrowers in your exact situation — FHA, VA, conventional, and more.
Guided Process
We walk you through every step from pre-approval to closing. No surprises, no confusion.
Your Path to Homeownership
Free Consultation
Tell us about your situation and goals.
Explore Options
We match you with the best loan programs.
Pre-Approval
Get pre-approved to strengthen your position.
Close with Confidence
We guide you through closing smoothly.
Success Stories
“NMHL made our first home purchase incredibly smooth. The team guided us through every step and found us a rate we couldn't believe.”
“After being denied by two other lenders, NMHL found a solution for my self-employed income. Bank statement loan closed in 25 days.”
“The VA loan process was seamless. Zero down payment and the best rate I found anywhere. Thank you NMHL!”
We Serve 29 States
Click any state to see local rates and programs
Our Presence
Click on endorsed states to see our direct resources!
Frequently Asked Questions
Far less than most people think. FHA loans require 3.5% down, conventional loans start at 3% down, and VA and USDA loans offer 0% down. On a $300,000 home, FHA requires just $10,500. Down payment assistance programs can further reduce this amount.
FHA loans accept scores as low as 580 with 3.5% down. Conventional loans typically require 620+. If your score is below 580, Non-QM programs may still be available. NMHL works with first-time buyers across all credit ranges.
Pre-qualification is an informal estimate of what you might borrow based on self-reported information. Pre-approval involves a thorough review of your finances, credit, and documentation, resulting in a conditional commitment from the lender. Pre-approval carries much more weight with sellers.
The typical timeline is 2-3 months from initial pre-approval to closing. This includes time for home searching, making an offer, inspection, appraisal, and loan processing. NMHL can often complete the loan process in 30-45 days once you have an accepted offer.
Helpful Resources
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