Today's 30 year Fixed Rate: 6.625% 6.71%APR

First Time Home Buyers

First Time Home Buyers

Who are First Time Home Buyers?

soroush-karimi-Mx5kwvzeGC0-unsplashFirst-time home buyers are considered new home buyers that have not owned a home in the last 3 years.  These buyers are able to apply for several loans that areas could not qualify for.  USDA loans are first-time home buyer loans.  In order to qualify for a Fannie Mae or Freddie Mac conventional loan with only 3% down, one has to be a first-time homebuyer.  One does not have to be a first-time homebuyer to qualify for FHA or VA loans.

First-time home buyers will be required to take a home counseling course. The Fannie Mae course is free.  First-time homebuyers can also have co-signers.

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NMLS 1665027 CA DRE
Personal NMLS 282851

Equal Housing Lender


RC Advantage
698 Whiting St
Grass Valley, CA 95945