Best Mortgage Lenders for First Time Buyers (3)

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• Best Mortgage Lenders for First Time Buyers
• Ready to dive right in and buy your first home?
  After finding the ideal home for you, you need a
  mortgage lender that offers the best services for
  you as a first-time buyer. We have reviewed the
  five best mortgage lenders below
• Bank of America
• How would you like numerous mortgage products to
  choose from with incredibly low down payment
  solutions as a first-time homebuyer? Bank of
  America offers this and refinance options with
  favorable rates.
• They offer their services in all 50 states and
  are a top-rated mortgage lender among consumers.
  You will need to have a credit score below 580
  and pay a minimum down payment of 3.5, depending
  on your product.
• Loan types you can get from the Bank of America
  include Jumbo, Conventional, Interest Only, FHA,
  and VA. For any loans below 548,250, you will
  pay a down payment of 3, and you wont need any
  mortgage insurance to qualify.
• To help first-time buyers qualify for a mortgage,
  they accept non-traditional credit reports, cell
  phone payments, rent, utility bills, or account
  history. In addition, you can sign up for their
  Preferred Rewards Program to be eligible for a
  customer discount.
• New American Funding
• These mortgage lenders have different mortgage
  options for first-time buyers with budget
  constraints. They offer conventional and
  proprietary government-backed mortgages with
  refinancing options. Unfortunately, their
  mortgage products do not extend to residents of
  New York or Hawaii.
• It is the best mortgage lending company for
  self-employed individuals. They allow their
  borrowers to use their bank statements as proof
  of income rather than asking for tax returns or
  W-2s, which most self-employed individuals dont
  have.

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• save. In addition, they offer various mortgage
  products and flexible terms, making them a
  flexible lender for first-time homebuyers.
• They request a 3 down payment, but you get to
  pay less if you are lucky to qualify for the cash
  grant. Among the loan types they offer are Jumbo,
  USDA, Conventional, FHA, and VA.
• They are a perfect lender for anyone with low or
  moderate income or in the medical profession
  looking to buy their first home with no mortgage
  insurance and little down payment.
• Their various mortgage products are likely to
  meet the needs of most borrowers. Besides
  standard conventional loans, they also offer
  government-backed mortgages and other options
  that lenders avoid offering.
• Citi Mortgage
• They deliver all the products and services you
  expect from a diverse mortgage lender alongside
  some extras. Citi Mortgage offers different
  products which can be customized to meet the
  needs of the borrower.
• You will need to have a credit score of between
  580 and 620 and be ready to make a 3 minimum
  down payment for the total house purchase price.
  Some of the loan types they offer include Jumbo,
  Conventional, VA, and FHA.
• If you are a Citibank account holder, you might
  enjoy a considerable discount on your mortgage.
  Their interest rate is reduced, and their
  pre-approval service is free. In addition, they
  have an in-house department that focuses on
  helping first-time borrowers who are likely
  struggling with financial problems.
• Wells Fargo Mortgage
• It is among the popular mortgage lenders within
  the state that offers refinancing products, home
  equity and offers different mortgage options. As
  a first-time buyer, you will enjoy the no income
  requirement as well as unlimited access to FHA
  loans.

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An additional advantage is the excellent
education tutorials they offer through their
website. They have put up videos and articles to
guide first-time buyers on everything they need
to know about mortgages. Every mortgage lender
offers different products, loan types, and rates.
Therefore, you should consider getting quotes
from the two or three best mortgage lenders and
compare. Each lender we have reviewed above is
suitable for a first-time homebuyer thus, feel
free to choose any that matches your needs.
Congratulations on taking milestones to own your
first home.