First Time Home Buyer Loans in Phoenix AZLow Down Payment, Friendly Credit, Real Hand-Holding
Buying your first home in Phoenix? There are programs designed specifically for first-time buyers — low down payments, friendlier credit requirements, and sometimes down payment assistance. I'll walk you through every option and find the one that fits your situation.
- 10+ Years Experience
- License NMLS# 1455718
- $500M+ in Loan Volume Closed
- Backed by the Nation's #1 Mortgage Brokerage
When You Need First Time Home Buyer Loans
First-time buyer loans are for anyone who hasn't owned a home in the last three years. With the U.S. homeownership rate hovering around two-thirds of households, these programs exist to help more people get their foot in the door. The IRS definition is generous — even if you owned before, you can often qualify as a first-time buyer again. These programs include FHA loans with 3.5 percent down, conventional 3 percent loans, VA loans with no down payment, USDA loans for rural areas, and various down payment assistance programs from the state and local governments.
Our First Time Home Buyer Loans Process
Here's how we close your first-time buyer loan. Call or text me and we'll talk through your income, savings, credit, and goals. I'll pull a soft credit check and quote you every first-time buyer program you qualify for. Same-day pre-approval in most cases. Most first-time buyer loans close in 25 to 35 days. I'll explain every step and keep you informed throughout.
First Time Home Buyer Loans Cost in Phoenix
First-time buyer programs vary in cost. Some have low rates but require mortgage insurance. Others have slightly higher rates but help with closing costs. I shop dozens of lenders to find the lowest combined cost for your specific scenario. Every fee in writing before closing.
Why Choose Us
First-time buyers are some of my favorite clients. I take extra time to walk you through every step. Ten years in the business and 50-plus five-star reviews — many from first-time buyers. Same-day response on every call and text. You're in good hands.
Ready to Get Started?
Ready to buy your first home? Call or text Mark at (480) 690-9790 for a free pre-approval today.
For more first-time buyer programs, see all of our Purchase options in Phoenix.
Reviewed by
Mark Fazio — Licensed Mortgage Loan Officer
NMLS #1455718 · Barrett Financial Group (NMLS #181106) · Phoenix, AZ
Mark Fazio is a licensed Phoenix mortgage broker with 10+ years of experience and over 1,000 home loans closed. He shops dozens of lenders to find the lowest rate on purchase, refinance, and specialty loans, and personally guides every client from the first call through closing.