Compare First-Time Home Buyer Mortgage Lenders & Programs

These mortgage lenders cater to first-time home buyers with low down payments, grant programs and educational materials.

Showing top 3 matches in OR

Rocket Mortgage, LLC
  • Streamlined online process with document and asset retrieval capabilities, as well as the ability to edit your preapproval letter.
  • Offers the option to work with loan officers by phone if desired.
  • Largest FHA lender in the nation.
  • Read our Rocket Mortgage, LLC review

at Rocket Mortgage, LLC

  • Offers government-backed loans and some harder-to-find products, such as construction loans and specialty mortgages for pilots.
  • Offers low rates and fees compared with other lenders, according to the latest federal data.
  • Displays customized rates, with fee estimates, without requiring contact information.
  • Read our NBKC review


Mutual of Omaha
  • Offers a variety of mortgage options, including jumbo loans and FHA, VA and USDA loans.
  • Offers $3,000 grant to buyers in some areas.
  • Loans are available for construction, renovations and manufactured homes.

at Mutual of Omaha

  • The best mortgage for you as a first-time home buyer is the loan for which you're most qualified. And that depends on a number of factors, including your credit score. With a credit score of at least 580, you may find that a loan backed by the FHA is your best option. With a credit score around 620 or higher, a conventional loan might be a better option, and could require an even lower down payment of 3%.

  • Many grants, special loans and down payment assistance programs are available to borrowers looking to buy their first home. These first-time home buyer programs are offered by agencies in the state where you live.

  • You could save thousands of dollars by shopping around. However, many consumers don’t do that. In a 2015 report, the Consumer Financial Protection Bureau found that 77% of consumers apply to only one lender or broker when seeking a mortgage. By shopping just three different lenders, borrowers could save more than $3,500 in just the first five years, according to the CFPB.

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