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First time home buyer programs are advantageous because they have low down payment requirements. However, if you have 10% down or more, you’ll get better pricing with a standard conventional loan. Here are several programs available for First-time Home Buyers.

If you have any questions, please ask for my list of preferred lenders.

3.5% down payment, $598k max loan amount in the Portland/Vancouver market which equates to a $620k purchase price unless you put down more than 3.5%. This loan is eligible for 1-4 unit properties.  Has upfront and monthly mortgage insurance.


Zero down FHA loan program that offers a grant to cover the 3.5% down payment requirement.


100% financing.  Excellent zero down program for Veterans, with no loan limits, always ask if someone has served.


Income and purchase price restrictions vary depending on the where the home is located, offers either a low rate (4.5%) or good rate (5.75%) and a 3% grant.  Gets combined with conventional, FHA or USDA. Click here to learn more!
* Note: This is not an advertisement for credit as defined in Regulation Z.* Loan Type and Rate, Effective as of 08/03/2022 at 12:00 AMUSDA
100% financing but only in outlying areas and there are household income restrictions.  Between the geographic, income, and debt ratio restrictions it’s small box to fit in, but if the borrower meets the qualifications it’s a fantastic loan program.  Click
here to see if the home is USDA eligible.


Conventional loan that requires a 3% down payment, one is a Fannie Mae product the other is Freddie Mac but they’re similar, both have an income limit.  Click here to check the income caps by area/address.



  • Owner-occupied, single family residence
  • Up to the Fannie Mae limit
  • Purchase only (no refinancing is available)
  • Up to four (4) home loan maximum life benefit
  • Click here to learn more about the program