Why First-Time Buyers Choose ReNew
We understand that buying your first home can feel overwhelming. That's why we're committed to making the process simple, transparent, and achievable.
Get started with as little as 3.5% down (FHA) or even 0% down (VA, USDA)
Programs designed for buyers still building credit history
Special loan programs with reduced fees and favorable terms
Potential mortgage interest deductions and first-time buyer tax credits
Dedicated support from loan officers who specialize in first-time buyers
First-Time Buyer Loan Programs
Multiple programs designed to help you get into a home with less money down and flexible credit requirements.
Down Payment
3.5%
Min. Credit
580+
- Low down payment requirement
- Flexible credit guidelines
- Assumable loans
- Gift funds allowed for down payment
Down Payment
3%
Min. Credit
620+
- Only 3% down payment
- No mortgage insurance with 20% down
- Lower interest rates for good credit
- No upfront funding fee
Down Payment
0%
Min. Credit
580+
- No down payment required
- No monthly mortgage insurance
- Competitive interest rates
- No prepayment penalty
Down Payment
0%
Min. Credit
640+
- 100% financing available
- Low mortgage insurance rates
- Below market interest rates
- For rural and suburban areas
Down Payment Assistance Programs
Don't have enough saved for a down payment? You're not alone and there's help available. These programs can provide thousands of dollars in grants or zero-interest loans to cover your down payment and closing costs.
Many states and local governments offer grants (free money) to cover your down payment, typically $3,000-$15,000.
Typical Eligibility:
Income limits, first-time buyer status, homebuyer education
Zero-interest or low-interest loans that help cover down payment and closing costs. Often forgivable after 5-10 years.
Typical Eligibility:
Primary residence, income requirements, occupancy periods
Some employers offer down payment assistance benefits to employees relocating or buying near their workplace.
Typical Eligibility:
Company-specific eligibility
Special programs for teachers, healthcare workers, first responders, and military offering grants and rate reductions.
Typical Eligibility:
Profession-specific requirements
Let Us Find Programs You Qualify For
Our loan officers have access to hundreds of state and local down payment assistance programs. We'll identify the ones you're eligible for and help you apply.
Your Roadmap to Homeownership
Here's what to expect from start to finish.
Check Your Credit
Review your credit score and history. Most programs require a minimum of 580-620.
Set Your Budget
Determine what you can afford monthly, including taxes, insurance, and HOA fees.
Get Pre-Qualified
Find out how much you can borrow and strengthen your offer.
Explore Assistance Programs
Identify down payment assistance programs you qualify for.
Start House Hunting
Work with your real estate agent to find homes within your budget.
Make an Offer & Close
Submit your offer, complete the loan process, and get your keys!
Pro Tips for First-Time Buyers
Ready to Get Started?
Connect with a loan officer who specializes in first-time homebuyers.