First-Time Home Buyer Calculator
Calculate your mortgage payments and explore first-time buyer programs. Estimate down payments, closing costs, and monthly payments with special programs for first-time buyers.
First-Time Home Buyer Calculator
Calculate your mortgage payments, down payment requirements, and home affordability as a first-time buyer
The full first-time home buyer calculator is available on our main calculator page
Go to Main CalculatorFirst-Time Buyer Programs
- FHA Loans: 3.5% down payment, flexible credit requirements
- VA Loans: 0% down for veterans and active military
- USDA Loans: 0% down for rural properties
- Conventional 97: 3% down for qualified buyers
Down Payment Assistance
- State and local grants
- Employer assistance programs
- Non-profit organizations
- First-time buyer tax credits
First-Time Buyer Requirements
Understanding qualification requirements for first-time home buyer programs
FHA Loan Requirements
- • 3.5% down payment (580+ credit score)
- • 10% down payment (500-579 credit score)
- • Debt-to-income ratio up to 50%
- • Mortgage insurance required
Conventional Loan Requirements
- • 3% down payment with good credit
- • 620+ credit score minimum
- • Debt-to-income ratio up to 43%
- • PMI required if down payment less than 20%
Pre-Approval Calculator
Get Pre-Approved
Pre-approval shows sellers you're serious and helps you understand your budget.
Check Credit ScoreRequired
Gather Financial DocumentsRequired
Calculate DTI RatioRequired
Calculate Your First Home Mortgage
Use our mortgage calculator to estimate your payments and explore first-time buyer programs.
Start Calculating