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I am a first-time home buyer. What is the best loan for me?

April 26, 2017best buyer first-time Home loan

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I am a first-time home buyer. What is the best loan for me?

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Most first-time home buyers make a home purchase with a Federal Housing Administration (FHA) mortgage, which is especially designed for the first-time buyer, and comes with 3% down-payment. Most lenders and real estate brokers are familiar with this mortgage, and you should simply ask. But, again, get yourself prequalified, so you’ll know how much of a home you can purchase.