Residential Mortgage and Loans for First Time Home Buyers

Along with buying your first car, graduating from college, and getting married are milestones most people want to achieve. Another goal that most people share in common is owning a home. People who have been through the process and have already made their dream a reality will reflect on the moment they closed on their first home.

Unfortunately, not many people have the financial resources to completely finance their home out of pocket. Fortunately, there are a number of mortgage solutions offered across the country to help homebuyers purchase their dream home.

These programs include a number of options for first-time homebuyers even if they have low to moderate income levels. In addition to these, there are programs meant to assist first-time home buyers that don’t necessarily have the best credit scores.

FSMG’s First-Time Home Buyer Solutions

Florida State Mortgage Group participates in a number of first-time home buyer programs. We offer various FSMG-originated conventional and conforming residential loans to first-time buyers.

In addition to that, we offer conventional/conforming loans in conjunction with a Florida Mortgage Credit Certificate or MCC. The MCC program grants up to $2,000 of IRSM income tax credit to homeowners for each year they own and occupy a mortgaged property.

For further convenience of our clients, FSMG also offers loans with reduced interest rates and low private mortgage insurance (PMI). This enables first time home buyers to reduce the number of payments they have to make monthly.

In addition to that, FSMG also offers VA loans to qualified veterans and their spouses, including first time home buyers. These loans carry low interest rates, require little to no money in down payment, and have more lenient limitations.

We suggest you speak to one of our loan officers to explore your options as a first time home buyer and find a solution that works right for you.

Frequently Asked Questions