A First Time Homebuyer is defined as one or more individual borrowers who have not owned a primary residence in the previous 36 months.

Depending upon the amount of your down payment, loans may be made with or without mortgage insurance, and may be underwritten following Conventional, FHA, VA, or Rural Housing Service guaranteed loan guidelines. It is possible to purchase with no down payment, and closing cost assistance may also be available, so that you may be able to purchase with no money out of pocket. 

Give Al Allman a call so he can help you find the mortgage that’s right for you. 1-888-4ALALLMAN