First-time homebuyer programs by state

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first-time homebuyer loan allows a buyer with a low or mid-range income and limited savings to finance a home purchase. Typically, these types of loans come with a below-market rate, and sometimes lower mortgage insurance premiums. You can often pair them with down payment and closing cost assistance, so they’re ideal if you don’t have the means to put a substantial amount of money down on a home.

Many first-time homebuyer loan programs only require that you haven’t owned a home in the last three years, not that you’re a true first-time buyer. Often, all it takes to qualify is an acceptable credit score and income level (determined by program), the completion of a homebuyer class and a contribution of some of your own funds to the purchase.

Many mortgage lenders offer first-time homebuyer loans, sometimes through partnerships with a state housing finance agency, or HFA. Here are these first-time homebuyer loan programs by state.

First-time homebuyer loan programs by state

Midwest

State HFA Mortgage lenders
Illinois first-time homebuyer programs Illinois Housing Development Authority Illinois mortgage lenders
Indiana first-time homebuyer programs Indiana Housing & Community Development Authority Indiana mortgage lenders
Iowa first-time homebuyer programs Iowa Finance Authority Iowa mortgage lenders
Kansas first-time homebuyer programs Kansas Housing Resources Corporation Kansas mortgage lenders
Michigan first-time homebuyer programs Michigan State Housing Development Authority Michigan mortgage lenders
Minnesota first-time homebuyer programs Minnesota Housing Finance Agency Minnesota mortgage lenders
Missouri first-time homebuyer programs Missouri Housing Development Commission Missouri mortgage lenders
Nebraska first-time homebuyer programs Nebraska Investment Finance Authority Nebraska mortgage lenders
North Dakota first-time homebuyer programs North Dakota Housing Finance Agency North Dakota mortgage lenders
Ohio first-time homebuyer programs Ohio Housing Finance Agency Ohio mortgage lenders
South Dakota first-time homebuyer programs South Dakota Housing Development Authority South Dakota mortgage lenders
Wisconsin first-time homebuyer programs Wisconsin Housing and Economic Development Authority Wisconsin mortgage lenders

Northeast 

State HFA Mortgage lenders
Connecticut first-time homebuyer programs Connecticut Housing Finance Authority Connecticut mortgage lenders
Maine first-time homebuyer programs Maine State Housing Authority Maine mortgage lenders
Massachusetts first-time homebuyer programs Massachusetts Department of Housing and Community Development Massachusetts mortgage lenders
New Hampshire first-time homebuyer programs New Hampshire Housing Finance Authority New Hampshire mortgage lenders
New Jersey first-time homebuyer programs New Jersey Housing and Mortgage Finance Agency New Jersey mortgage lenders
New York first-time homebuyer programs State of New York Mortgage Agency New York mortgage lenders
Pennsylvania first-time homebuyer programs Pennsylvania Housing Finance Agency Pennsylvania mortgage lenders
Rhode Island first-time homebuyer programs Rhode Island Housing Rhode Island mortgage lenders
Vermont first-time homebuyer programs Vermont Housing Finance Agency Vermont mortgage lenders

 South

State HFA Mortgage lenders
Alabama first-time homebuyer programs Alabama Housing Finance Authority Alabama mortgage lenders
Arkansas first-time homebuyer programs Arkansas Development Finance Authority Arkansas mortgage lenders
Delaware first-time homebuyer programs Delaware State Housing Authority Delaware mortgage lenders
Florida first-time homebuyer programs Florida Housing Finance Corporation Florida mortgage lenders
Georgia first-time homebuyer programs Georgia Department of Community Affairs Georgia mortgage lenders
Kentucky first-time homebuyer programs Kentucky Housing Corporation Kentucky mortgage lenders
Louisiana first-time homebuyer programs Louisiana Housing Corporation Louisiana mortgage lenders
Maryland first-time homebuyer programs Maryland Department of Housing and Community Development Maryland mortgage lenders
Mississippi first-time homebuyer programs Mississippi Home Corporation Mississippi mortgage lenders
North Carolina first-time homebuyer programs North Carolina Housing Finance Agency North Carolina mortgage lenders
Oklahoma first-time homebuyer programs Oklahoma Housing Finance Agency Oklahoma mortgage lenders
South Carolina first-time homebuyer programs South Carolina State Housing Finance & Development Authority South Carolina mortgage lenders
Tennessee first-time homebuyer programs Tennessee Housing Development Agency Tennessee mortgage lenders
Texas first-time homebuyer programs Texas Department of Housing and Community Affairs Texas mortgage lenders
Virginia first-time homebuyer programs Virginia Housing Virginia mortgage lenders
Washington, D.C. first-time homebuyer programs District of Columbia Housing Finance Agency Washington, D.C. mortgage lenders
West Virginia first-time homebuyer programs West Virginia Housing Development Fund West Virginia mortgage lenders

West

State HFA Mortgage lenders
Alaska first-time homebuyer programs Alaska Housing Finance Corporation Alaska mortgage lenders
Arizona first-time homebuyer programs Arizona Industrial Development Authority Arizona mortgage lenders
California first-time homebuyer programs California Housing Finance Agency California mortgage lenders
Colorado first-time homebuyer programs Colorado Housing and Finance Authority Colorado mortgage lenders
Hawaii first-time homebuyer programs Hawaii Housing Finance & Development Corporation Hawaii mortgage lenders
Idaho first-time homebuyer programs Idaho Housing and Finance Association Idaho mortgage lenders
Montana first-time homebuyer programs Montana Housing Montana mortgage lenders
Nevada first-time homebuyer programs Nevada Housing Division Nevada mortgage lenders
New Mexico first-time homebuyer programs New Mexico Mortgage Finance Authority New Mexico mortgage lenders
Oregon first-time homebuyer programs Oregon Housing and Community Services Oregon mortgage lenders
Utah first-time homebuyer programs Utah Housing Corporation Utah mortgage lenders
Washington first-time homebuyer programs Washington State Housing Finance Commission Washington mortgage lenders
Wyoming first-time homebuyer programs Wyoming Community Development Authority Wyoming mortgage lenders

How can a first-time homebuyer loan help me?

When you buy your first home, you’ll need to make a down payment on the purchase and pay for closing costs on your mortgage. These are costly expenses, and if you don’t have much in the way of savings, they can be difficult to accumulate.

That’s where a first-time homebuyer loan comes in. First-time homebuyer loan programs typically come with a 30-year fixed-rate mortgage — the loan you’ll use to pay for the home — and down payment assistance, either a grant or a second mortgage for a portion of the home’s purchase price, usually up to a certain amount. Grants don’t have to be repaid, and some second mortgages can be forgiven after a period of time, while others have to be paid back when you pay off your first mortgage. It all depends on the program.

Down payment help isn’t the only upside. First-time homebuyer loans also come with competitive interest rates, so even if you don’t need down payment assistance, you can still obtain a more affordable mortgage through one of these programs.

There’s at least one other benefit, too: To be eligible for a first-time homebuyer loan, many programs require you to take a homebuyer education class. These courses go over everything you need to know to prepare you for homeownership, so they’re especially valuable if it’s your first time buying. Some are free, and there are usually both in-person and online options.

How can I find a mortgage lender?

Many mortgage lenders offer first-time homebuyer loan programs or work with organizations that do. To find a lender, you can:

  • Locate your state’s housing finance agency website in the tables above and look for a list of “approved” or “participating” lenders.
  • Look up lender reviews and testimonials through Bankrate.
  • Visit the U.S. Department of Housing and Urban Development’s State Information page, locate your state and search for “Homebuying programs” or “Homeownership assistance.” In addition to state-level programs, this resource can help you find programs by city, county or town.