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FHA 1st Time Home Buyer Loan

3.5% Down-Payments

The Federal Housing Administration insures loan programs for first time home buyers with low money down and good mortgage rates and favorable terms. FHA home mortgages are managed by HUD and backed by Congress in hopes of stimulating homeownership with cost effective house financing. Finding a loan for first time home buyers with bad credit and no money down can be a challenging task. FHA requires applicants to come up with at least a 3.5% down-payment. They do allow gift money from relatives and down-payment assistance, but only in some states.

  • 97% FHA Mortgage Loan
  • First Time Homebuyer
  • Bad Credit Allowed
  • FHA Purchase Loan Rates are Low!
  • Gift Funds Ok
  • Down-Payment Assistance

FHA Encourages First Time Buyers to Finance a New Home with only a Small Down Payment!

You will be happy when comparing FHA mortgage rates, with conforming and subprime loan terms and closing costs. First time homebuyers should consider FHA for financing because the mortgage rates are low and there is only a small down payment required of 3.5%.

Nationwide Mortgages provides Americans with FHA home mortgage programs that have been successful bridging the gap from renting to owning a home. Rates on first time home buyer loans have never been better. Take a minute a complete the application below and get a free quote from a lender that specializes in loans for new home buyers.

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The Federal Housing Administration has been helping Americans become homeowners since the Great Depression. For over 8 decades, this government agency has been insuring FHA 1st time home buyer loan products that are affordable, fair and accessible. Take a little bit time and consider multiple offers on FHA first time home loans with great interest rates and reduced closing costs.

With the help of our federal government, no-money-down mortgage loans still exist. Many 1st time home buyers are looking to FHA to finance the home they are looking to purchase.

FHA Allows Gift Funds for First Time House Buyers
FHA also allows gift funds so you don’t have to come up with the down-payment all on your own in many cases. Discuss the gift fund requirements and allowances with FHA lenders that can help you minimize your home buying expenses.

Great FHA Home Loan Rates for 1st Time Buyers

FHA loan programs enable consumers to lock in a very low rate with only depositing 3.5% down for a new home purchase. FHA borrowers are allowed to finance the mortgage insurance premium, so they do not have to come out of pocket.

FHA Streamline Protect Against Inflation
If you aren't happy with the interest rate you got when you bought your home, don't worry because with FHA home loans you can streamline refinance your mortgage if the interest rates drop after you close on your home. There is no penalty to refinance at any time with FHA! This is an important vote of confidence because many new home buyers try and time the market to get the lowest interest rate. While that is important, FHA overcomes that obstacle because the streamline program encourages FHA customers to maintain the current market conditions because they do not penalize first time home buyers from refinancing if it helps them save money with better terms and improved pricing.

In most cases, FHA mortgage loans, offer as competitive an interest rate as conforming mortgages. If you are sick of being turned down because you have bad credit scores, give Nationwide a try, because we offer FHA loans to people with good and bad credit scores.

Helpful mortgage info for credit & loan terms

Down-Payment Assistance Home Loans
Low FHA Loan Rates and Fees       
How to Qualify for First Time Home Buyer Loans
Home Buying with Bad Credit


This is not an advertisement for credit. See Privacy for Details. Nothing on this web site contains an offer promise either to make mortgages or that any participating lender will guarantee any first time home loan for any purpose or on any specific terms. Loans cannot be made online or be approved without an underwriter analyzing your credit score, debt to income ratio and combined loan to value. has no affiliation with the FHA or any other government division of the Department of Housing and Urban Development.

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