Home > Mortgage Info for First Time Home Buyers

Home Buyer Mortgage Resources & Educational Information

Buying a new home may be one of the most exciting endeavors that you undertake during your lifetime. It could also be one of the most confusing and frustrating if you are unprepared for the transaction. ForTheBestRate.com helps thousands of individuals locate lenders and brokers who can help them purchase their first homes. Heading into your first time mortgage transaction, it pays to understand some of the basics of home financing. In our Homebuyer Mortgage Resource Center, you will find information on a number of topics that may assist you in finding the perfect fit for your personal financing needs.

You can also feel free to contact the various mortgage companies in loan officers located on this web site with any questions.

Home & Finance Related Resources

Use the following links to learn more about the first time homebuyer mortgage financing process and get moving forward on the path to homeownership.

• 5 Ways to Pay Off Your Mortgage Early
• Guide to Downsizing
• Home Buying Order of Events
• Your Home Buying Wishlist
• Determining what you are qualified to borrow and getting pre-qualified
• Rent Versus Buy
• Beginner Mortgage Checklist
• Credit Scores and Mortgage Rates
• Choosing a mortgage bank
• Finding the right real estate agent
• Should I consider 100% financing?
• Pro & Cons of adjustable rate mortgages
• What types of loans are available for the self-employed?
• Why do mortgage rates change?
• Understanding Seller Paid Closing Costs
• 5 Things to Save for to Buy a Home
• 5 Ways to Invest in Real Estate
• Selecting a Loan Term
• Ways to Improve the Curb Appeal of Your Home
• Charming Historic Areas in the Southeast
• Do It Yourself or Hire a Contractor?
• Spring Cleaning Guide
• Tips on Automating Your Savings and Building Wealth
• Three Home Pricing Strategies for a Quick Sale
• Information on Shopping for a Safe Home
• Building Unique Real Estate Listings
• Pros and Cons of Buying in the City Vs. the Suburbs

Use the rate survey below to compare mortgage rates and programs. Many lenders offers FHA loans, USDA loans, and other products that are popular with first time home buyers. Call a variety of companies to research programs and their current interest rates.

First time homebuyers with past credit issues

As a first time home buyer you may also have a lower credit score because you are just starting out and have not yet established a credit history. Many lenders in today's marketplace require a minimun 620 credit score. There are a few companies left out there such as American Financial Resources who will consider borrowers with scores down to 600.