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MyLendingPal

Georgia Mortgage Brokers

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First Time Home Buyers Loans

First time home buyers unpacking boxesBuying your first home is an exciting milestone in your life. When going through this process, it’s important to know every possible avenue available. As a first time home buyer, you may be eligible for certain loans. These first time home buyers loans can include various programs and grants, and help to aid new buyers in this exciting process.

When going through a first time home buying process, it’s imperative to think about every possible option. When working with MyLendingPal, you have a source of information and stability. Our company works to provide you with the easiest route when navigating through the home buying process, especially during the anticipation of buying your first home.

Programs & Grants Available For First Time Home Buyers

Being a first time home buyer holds some advantages. Certain loans and other programs are available for first time home buyers, and can help to ease the stressful process of home buying.

FHA Loans

Completely insured by the Federal Housing Administration (FHA), this loan offers an extra layer of protection to the lender. This loan offers very competitive interest rates, smaller down payments on the home and lower closing costs than some other loans.

USDA Loans

Families, or individuals, who live in a more rural area are eligible for loans provided by the United States Department of Agriculture (USDA). These loans hold a low interest rate and a fixed-rate for any homeownership loans with no down payment.

Good Neighbor Next Door

Teacher in new homeWhile most homeowners strive to be good neighbors, first time home buyers can actually be rewarded for it. This program is offered by the U.S. Department of Housing and Urban Development (HUD), and gears toward providing an affordable opportunity for certain members of the community. This program is available for police officers, grade school teachers, firefighters and emergency medical technicians. They are given up to 50% off of the listing price of a home, as long as it is located in a certain targeted area.

Fannie Mae Loans

The Fannie Mae HomePath Loans are a federally run program that provides first time home buyers savings on closing costs. The properties must be listed as HomePath properties in order to be eligible for the saving, as first time buyers can save up to 3% total on their closing costs.

Energy Efficient

Choosing to buy a home and convert it to an energy efficient home can lead to various savings. The energy efficient mortgage is available for first time home buyers who choose the energy efficient route, and is offered by the Federal Housing Agency. This loan is used for home improvements to enhance energy efficiency of the home.

Programs in States & Cities

The various cities and counties within a state hold many avenues for first time home buyers. The various programs and packages available can help new homeowners to actively shop smart, and efficiently for their first home.

Work With MyLendingPal For First Time Home Buyers Loans

Lender talking about first time home buyers loans While purchasing your first home is quite an accomplishment to celebrate, so is saving money wherever you can. Before you begin shopping around for your first home, contact a lending officer to help traverse the topic of potential first time home buyer loans. The lending officers at MyLendingPal are qualified and determined to provide our clients with the best possible avenue when buying their first home. We pride ourselves on closing the loan for our clients 100% of the time, as long as all information has been provided. If you’re ready to start the journey of buying your first home, reach out to MyLendingPal at 833.379.0797, or schedule a consultation online.

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Address
5400 Laurel Springs Parkway, Suite 304 Suwanee, GA 30024

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Home Loans

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  • First Time Home Buyers
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MyLendingPal, Inc, NMLS ID #1734346, (www.nmlsconsumeraccess.org); Corporate Office: 5400 Laurel Springs Parkway, Suite 304, Suwanee, GA 30024. Georgia Residential Mortgage Licensee #61544. Principal Loan Originator: Ricky Merchant, NMLS ID: 1517056. Georgia License # 54264. For questions regarding state licensing, please contact (404) 433-8918. Not all products and options are available in all states. Terms are subject to change without notice. Any rates or terms are speculative only and can change without notice.
Google Rating
5.0
MyLendingPal, Inc
MyLendingPal, Inc
5.0
Balachandar Sundaresan
Balachandar Sundaresan
17:30 23 Jun 20
Roger Merchant and his team were very helpful, right from getting a great rate to completing all process on time and being super responsive. Would happily recommend him!!
Dinesh Nair
Dinesh Nair
14:41 30 Jan 20
I would definitely recommend MyLending Pal for all mortgage needs. It all started with a great competitive quote on refinance and excellent service continuing all the way until closing. Priti, Ricky and Roger were a pleasure to work with.
Ramesh Kumar
Ramesh Kumar
02:03 17 Dec 19
I would really recommend Nations First Home Mortgage, if you are looking for the best home mortgage options. I was very much glad to work with this team and they have saved lot of time and money!!
gulshan rai
gulshan rai
03:21 17 Apr 19
I would highly recommend Mr Roger to anyone in the area looking for an amazing lender. He made the mortgage process so easy and effortless. I could tell him and his team were very attentive to all the details that came with applying for a mortgage and were quick to remind me of any deadlines that were approaching.It was super easy to work with Mr Roger.My special thanks to preeti who did an amazing job to get things done in the timely manner. If I had any questions, it was almost like she was waiting at her desk for my phone call to answer the questions immediately. The loans closed on time and without a glitch. I would highly recommend them to anyone
Ajith Nair
Ajith Nair
01:50 13 May 19
We highly recommend Roger for financing mortgage. Roger and his team were excellent through out the process and we had a very smooth purchase. They were always available when we had any questions. It was an amazing experience working with Roger and his team.
Pratul Patwari
Pratul Patwari
13:03 20 Jul 20
Roger Merchant and Priti Vin helped us in buying our first home. They understood our needs and took care of everything for us. They were very good with the communication through the process. They will always be my first choice in future for the mortgage services.
Sujatha Hariharan
Sujatha Hariharan
20:51 26 Jul 20
They were able to find me great rates. Service was quick and communication prompt. The loan process can be daunting as is the document gathering process but this was the easiest and quickest that I have experienced. Highly recommend!
Dinesh Nair
Dinesh Nair
15:53 30 Jul 20
I would definitely recommend MyLending Pal for all mortgage needs. It all started with a great competitive quote on refinance and excellent service continuing all the way until closing. Priti, Ricky and Roger were a pleasure to work with.
Manu Pushpanath
Manu Pushpanath
15:59 29 Jul 20
Great lender to work with. Right from document collection till closing they did it in 2weeks. The fastest closing I heard and get to experience myself. One improvement I suggest is it will be good if the closing attorney can come into the house for completing the closing. Considering current situation it will add a lot of value to the reputation. Thanks Milan and team for a good closing experience.
Sakthi S
Sakthi S
20:46 01 Sep 20
Would definitely recommend Roger and his team.Refinanced for the second time and with roger, I didn’t feel like I refinanced.The process was very smooth and fast.The rates were very competitive and it was amazingworking with Roger and his team.I’d recommend him for sure.
Sunny Patel
Sunny Patel
21:17 01 Sep 20
They were quick, courteous, and professional. They got me an excellent rate and helped make the process smooth. I would recommend using to my friends and family!
Emmitt Rathore
Emmitt Rathore
14:57 22 Dec 20
Roger helped us find an unbeatable rate!His decades of work in the industry made it easy for us to complete many processes with the lender, and helped us close on time!I will definitely be passing the good word around and recommending family and friends to him.I look forward to our next real estate transaction with them.
M Alamoti
M Alamoti
01:02 11 Jan 21
I had the experience of using their service. They know what they are doing. They are very honest, professional and caring. I have no doubt and hesitation to recommend them to anyone who is looking to purchase a home. I am very pleased for their service.
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