Allied Home Mortgage - First-time Homebuyer Loans

Loans for First-time Homebuyers

Allied Home Mortgage welcomes applications from first-time homebuyers. And we take the time to thoroughly explain the many home finance alternatives that are available to first-time homebuyers. We understand that buying a home can be an overwhelming experience even for experienced homebuyers. So we make a special effort to advise and assist our first-time homebuyers every step of the way through the process of buying their first home.

Among the many challenges facing first-time homebuyers is the difficulty of financing the purchase of a suitable home with limited income and assets, insufficient credit history, and short employment history. Allied Home Mortgage offers many loan programs especially tailored to overcome these challenges:

FHA, VA, and GRH loan programs are all designed to accomodate the special needs of first-time homebuyers, with low or no downpayment required, and flexible credit and asset requirements.
Fannie Mae and Freddie Mac both have low and no downpayment programs that allow flexible sources for funds to close.
Many nonconforming zero downpayment programs allow you to borrow the full purchase price and finance closing costs as well, so you can use your available funds for moving costs, appliances, and furnishings for your new home.
Interest-only loans allow you to qualify for a home that will fit your needs farther into the future and avoid the cost of having to buy a starter home and move again after a few years. Interest-only payments also give you the flexibility to budget for move-in expenses, appliances, and furniture in the first years of the loan.

To qualify for these loans, borrowers must satisfy lender guidelines for income, assets, and credit. For more information on loan programs for first-time homebuyers, contact Allied Home Mortgage.

To apply for a first-time homebuyer loan, fill out our short prequalification form, or submit an online application, or call us at 503-356-2241.

Allied Home Mortgage offers competitive rates, low fees, and superior service on hundreds of loan programs, including conventional, FHA, VA, and USDA Guaranteed Rural Housing. At the Hillsboro, Oregon branch we are licensed to originate home loans throughout Oregon and Washington. We specialize in financing real estate purchase transactions, including manufactured home land-home packages. We also offer rate and term refinances, cash-out refinances, home equity loans, and construction loans. We welcome applications from first-time homebuyers, borrowers with limited income and assets, and borrowers with damaged credit that have been turned down elsewhere. Click here for more information about us.

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