Not all loans for are created equal.

On your first loan, you are less likely to have a down payment than on future purchases.  This means that the first time home buyer has more things to consider than a ‘seasoned’ buyer.

There are considerations between different down payment options.   Which is better?  FHA vs. Conventional? Is monthly PMI better than a lump-sum?  Is my state-sponsored loan for first time home buyers better than a normal 30 year fixed?  Is it better than an FHA loan?

We regularly compare common first time home buyer mortgages.  There is no ‘best’ option, but it is possibly to be able to list the pro’s and con’s between any short list of loan programs.

Use this link to find all prior comparisons of first time home buyer mortgages.

See something that we missed or a loan comparison that we should feature in the future?  Send us an email.