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First Time Home Buyer Loans


About First Time Homebuyer Loans

Buying a home is likely one of the biggest purchases you and your family will ever make. As part of our commitment to provide the best residential home loans for our customers, we offer loans that feature a number of great benefits for first time home buyers.

First Time Home Buyer Loan FAQs

  • What are the benefits of a first time home buyer loan?

    • Low or no down payment options available
    • Flexible credit score requirements
    • Down payment assistance
      • Military programs available
      • State bond loan options
  • Who qualifies for a first time home buyer loan?

    Even if you’ve owned a home in the past, you may still be eligible for special loan assistance programs available for first time home buyers. Talk with a Gershman Mortgage home loan expert about if you can qualify for one of these loan programs.

  • What are Down Payment Assistance programs (DPAs)?

    First time home buyers can take advantage of down payment assistance programs (DPAs) to help with upfront costs, including down payment and closing costs. Some programs may offer low or no down payment options. Each program has its own eligibility requirements, so check with a Gershman Mortgage loan officer to find the best option for you.

  • Do I still qualify if I’m a first time home buyer, but my partner isn’t?

    You may still be eligible for first time home buyer loan and assistance programs, even if your partner is not a first time home buyer. Our loan officers can help assess your eligibility for these programs.

    This is for informational purposes only and not an offer to lend or extend credit. Subject to credit and income approval. Terms and conditions are subject to change without notice.