First-Time Homebuyer Loans · 11 states
Buying for the first time raises a lot of questions. I walk you through down payment options, programs and costs in the 11 states where I am licensed, so nothing about the process feels like a surprise.
Licensed in 11 states
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No-pressure advice
Start Here
Many first-time buyers assume they need 20% down and a perfect credit score. In reality, FHA, VA and conventional programs can open the door with much smaller down payments, and state housing agencies add programs of their own.
A first-time buyer is generally someone who has not owned a home in the past three years, so some past owners qualify too. I check which programs fit you before you start house hunting.
Depending on the program, you may buy with as little as 0% down with VA, 3% down with certain conventional loans or 3.5% down with FHA.
Down payment and closing cost assistance may be available through state housing agencies and lender programs. Eligibility and terms vary by program.
FHA and other programs consider a wider range of credit profiles. I review your credit first and tell you what to improve, if anything.
Some assistance programs require a short homebuyer course. It is usually quick and often available online.
How It Works
01
We look at your credit, income and goals so you know your starting point.
02
I compare FHA, VA, conventional and assistance programs to find your lowest total cost.
03
A pre-approval letter shows sellers you are serious and sets a clear budget.
04
I coordinate with your agent and title team through closing day.
Where I Lend
Each state has its own housing agency and programs. I check which ones fit your income, price range and credit before you apply.
Virginia
Virginia Housing offers first-time buyer loans and assistance for eligible buyers statewide. I help you compare them with standard FHA, VA and conventional options.
Tennessee
THDA programs, such as Great Choice, are built for eligible buyers. I check whether the program or a standard loan costs you less.
Georgia
Georgia Dream provides down payment help for eligible buyers through the state housing agency. Income and price limits apply, so we check the fit early.
Common Questions
It depends on the loan. VA can be zero down, FHA starts at 3.5% and some conventional programs start at 3%. You also need funds for closing costs and reserves, though assistance may help.
No. FHA and other programs accept a wider range of credit scores. A soft credit review shows where you stand without a hard credit inquiry.
Yes. It sets your budget, makes your offer stronger and surfaces surprises while there is still time to fix them.
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Next Step
Tell me where you are in the process and I will map your next steps. No pressure and no obligation.
Duane Buziak, NMLS #1110647, Coast2Coast Mortgage, LLC, NMLS #376205. Licensed in VA, FL, TN, GA, NC, SC, MD, DC, WV, TX and KY. Equal Housing Lender. This information is educational and is not an indication of loan qualification, approval or a commitment to lend. Rates, programs and guidelines change and are subject to credit approval.
