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The Lenders offer many Home Buyer Loan Programs, some of them specially designed for first time home buyers. According to some site the different programs are :

Zero Down Loan Programs:

These program is new home solution 103% program. These programs is for single family-low rise condo. The closing cost is 3% and it can be rolled into loan. It is for good credit people and the qualifying credit score is 620. It offer Zero money down. Their are no income restriction in these loan and Time period is 30 yes fixed loan-up to $300, 000 maximum.

Partners in Charity down payment assistance dream program:

Zero money down-Partners in Charity will provide gift for down payment-no repayment of gift! even Fha/conventional/no documentation loans eligible. There is No income restrictions These program is for Condo/single family home/multi-unit and the Property is not required to be in targeted area.

Neighborhood Advantage Program:

It offers Zero money down. These program is for Condo/single family home only 25% pre-sold requirement on new condos!. These loan is for Good credit. The qualifying credit score is 660. There is Income restriction unless property located in targeted area. These program is for 30 year fixed Loan Program.

Fannie Flex 100% program:

It offers Zero money down. These program is for Condo/single family home. It is for Good credit- and minimum eligibility score is 600. There is No income restrictions and life span of the loan 15 or 30 year fixed loan programs.

3% Down Loan Programs:

These programs is 3% down payment can be 100% gift. The time period is 30 year fixed loan program. These program is for Good credit people. It is for Condo/single family homes and there is No income restrictions.

FHA Loan Program:

3% down payment can be 100% gift. The eligibility criteria is Condo/ 1-4 unit property. There is No income restrictions. There is no minimum credit score required the time periods is 30 year fixed or 1 year arm loan programs the option available for Kiddie Condo-Parents can co-sign for child who is full-time student with no income or credit history.

VA Loan Program:

The Veterans and members of the National Guard, should have certificate of eligibility. In service vets have additional requirements. There is Zero % down payment the Approved condo 1-4 unit properties. There is no minimum credit score required, it offers 30 year fixed loan program.


Credit Flex Loan Program:

3% down-1% borrower's own funds. It is for Condo/single family home the pre-sold requirement is Only 25% on new condos!. There is no income restriction unless the property is locates in same area. even the 2-unit properties are also eligible. The credit score required 620 minimum .

5% Down Loan Programs:

These is specially for First Time Home Buyer Credit Challenge Loan Program. Iit charges 5% down payment borrower's own funds. These program is for Condo/Single family home. There is No income restrictions. The minimum credit score is 580. The response time is 24-48 Hour Underwriting response and many more.

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