: Most popular; requires a 620+ credit score and as little as 3% down for first-time buyers.
: Many state and local programs offer grants or low-interest loans to help with upfront costs. Upfront & Ongoing Costs
First-time buyers in 2026 have several loan paths, each with specific requirements:
Beyond the purchase price, you must budget for several additional expenses: 7 Tips for First-Time Homebuyers - DFPI
Buying your first home involves balancing your long-term budget with immediate upfront costs. Key financial rules like keeping housing costs below 28% of your gross monthly income can help ensure stability. 🏦 Financing & Mortgage Options
: Ideal for lower credit (580+) or smaller down payments (3.5%); however, these require permanent mortgage insurance (PMI).