First Time Homebuyers
Helping First-Time Buyers Achieve Homeownership in New Mexico
First Time Home Buyer Mortgage Programs
home loan process simple and straightforward
Buying your first home is a huge milestone, and at Swift Lending, we make the process easy, stress-free, and rewarding. Whether you're unsure where to start or need guidance on mortgage programs with low down payments, we’re here to help you every step of the way.
As New Mexico’s trusted mortgage lender, we specialize in first-time homebuyer programs, helping you secure an affordable loan that fits your budget and long-term goals.
Why Choose Swift Lending for Your First Home Purchase?
✅ Low Down Payment Mortgage Options – Get into a home with as little as 3% down
✅ First-Time Homebuyer Loan Programs – FHA, VA, and Conventional options available
✅ Step-by-Step Home Loan Guidance – We make the process simple and transparent
✅ Competitive Interest Rates – Lock in the best rate for your financial situation
✅ Fast Pre-Approval Process – Know your budget before you start house hunting
Best Mortgage Loans for First-Time Homebuyers
Not all home loans are created equal, and as a first-time buyer, you need the right mortgage that fits your needs. Here are some of the best options available:
FHA Loans
FHA loans may not have been crafted specifically for first-time home buyers, but they have become their go-to financing solution! Attracting underserved buyers with their generous DTI limits, attractive lower interest rates, and minimal down payments, FHA loans effortlessly boost buying power, making them the ideal choice for anyone stepping onto the property ladder.
HomeReady® First
Unlock the door to your dream home with HomeReady – the tailor-made loan for first-time buyers. Seize a grant of up to $5,000, poised to make your purchase more affordable. Benefit further with dual $500 credits for home warranty and appraisal fees. HomeReady mandates that your existing home base, whether a rental or a family member's abode, be situated in a designated area. Your journey to homeownership starts here!
HomeOne®
Embark on your homeownership journey with HomeOne, the ultimate loan tailored for career-savvy first-time buyers! With no income ceiling and availability in all regions, dive into the housing market with confidence! Snap up anything from chic condos to cozy single-family homes, and yes, this includes tasteful townhomes and both stylish single & double wide manufactured abodes. Get ahead with minimal down payments – just 3% for traditional houses and 5% for manufactured homes, plus the perk of temporary rate buydowns. HomeOne is your gateway to unlocking the door to your dream home effortlessly!
Home Possible® - 0% Down Purchase
Step into the homeowning journey of your dreams with Home Possible—a game-changer for first-time buyers! Bid farewell to down payment stress and a warm welcome to a future where you are the priority. Home Possible is tailored for affordability, anchoring your income at a snug 80% of your local Area Median Income. And here's the clincher: Freddie Mac smooths the path by eliminating those pesky loan level price adjustments, securing you a mortgage with more agreeable terms. Choose Home Possible and make a smart move towards your new beginning!
First time Home Buyer Jumbo Loans
Elevate your home buying experience with our exclusive jumbo loan product - not your everyday starter home solution, but the ideal pick for the discerning purchaser with a substantial budget. Embrace the luxury of choice, with a flexible down payment option starting at 10%, although a 20% contribution secures a more favorable fiscal landscape. Tailored for the financially savvy, this loan demands stricter underwriting standards in DTI and reserves. Prepare to step into financial readiness and unlock the door to your grand investment.
Bank Statement Loans for First Time Home Buyers
Embrace homeownership with confidence, even as a self-employed individual! No longer let last year's write-offs deter your dreams. With our tailored 12 & 24-month bank statement loan programs, amplify your purchasing power without incurring a tax burden. We'll leverage either 100% of your personal account deposits or an impressive 50%-85% of your business account to pave the way to your first home.
How to Buy Your First Home – The Swift Lending Process
We make the home loan process simple and straightforward, ensuring you feel confident every step of the way:
1️⃣ Get Pre-Approved – We assess your finances and determine how much you can afford.
2️⃣ Find Your Dream Home – Work with a real estate agent to search for properties within your budget.
3️⃣ Choose the Right Mortgage – We’ll guide you through your loan options and find the best fit.
4️⃣ Submit Your Loan Application – We handle the paperwork while you focus on your new home.
5️⃣ Home Appraisal & Underwriting – Your loan is reviewed, and we ensure the property meets the requirements.
6️⃣ Close on Your Home! – Sign the final documents and get the keys to your first home.
🏡 You’re officially a homeowner! 🎉
Start Your Homeownership Journey Today!
At Swift Lending, we’re dedicated to helping first-time homebuyers in New Mexico secure affordable home loans with ease. Whether you need a low down payment loan, guidance through the process, or expert mortgage advice, we’ve got you covered.
📞 Call Us Today: 832-549-2859
📍 Office Location: 105 Spruce St, Santa Fe, NM 87501
Contact Info
Phone: 832-549-2859
Address: 105 Spruce St, Santa Fe, NM 87501
NMLS# 232825
Contact Info
Whether you're a first-time homebuyer, looking to refinance, or interested in building your real estate portfolio, Swift Lending is here to help. Let's work together to find the perfect mortgage solution for you.
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