First-time homebuyer programs in 2026 generally target three main areas of assistance: lower down payment requirements, financial aid for upfront costs (down payments and closing costs), and ongoing tax benefits.
Federal programs offer lower credit score requirements and reduced down payments compared to conventional loans. buying a home first time buyer programs
: Designed for rural and some suburban areas, offering $0 down payment for low-to-moderate income borrowers. First-time homebuyer programs in 2026 generally target three
: Requires a minimum down payment of 3.5% for credit scores of 580+. Borrowers with scores as low as 500 may qualify with a 10% down payment. : Requires a minimum down payment of 3
: A Fannie Mae and Freddie Mac program allowing a 3% down payment for first-time buyers with credit scores typically above 620. Federal Housing Administration
: Available to veterans and service members with $0 down payment and no monthly mortgage insurance.