Preapproval Center

(800) 784-7985

apply@flat-branch.com

First-Time Homebuyers

First-time Homebuyer

As of December 13th 2014, qualified first-time homebuyers may purchase a home with as little as 3% down. Previously the minimum required down payment was 5% of the purchase price, regardless of first-time homebuyer status.

However, after conducting consumer research, Fannie Mae found that saving enough money for the down payment was a primary barrier to home ownership for many first-time homebuyers. With this in mind, they decided to decrease the minimum required down payment to 3% for first-time homebuyers.

Learn more about the First-Time Homebuyer Program today!

To find out if you qualify for this program please fill out the form to the right
and a member of our Preapproval Team will contact you as soon as possible.

Get Started Today:

Please complete the form below and a member of our Preapproval Team will contact you as soon as possible.
 
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