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First-Time Homebuyers

You don't need to know everything. You just need a guide.

Buying your first home should feel clear, not overwhelming. We'll help you figure out what you can afford, which programs you may qualify for, and exactly what to do next.

Check My Buying Power Find Assistance Programs
Tools take under 5 minutes. No credit pull.
The First-Time Buyer Myths

What most people get wrong

Myth #1

"I need 20% down"

You don't. Many first-time buyers use 3% conventional or 3.5% FHA — and many qualify for down payment assistance on top of that.

Myth #2

"My credit isn't good enough"

FHA programs can work with credit scores as low as 580. And we'll help you build a plan to improve your score if needed.

Myth #3

"Renting is cheaper"

Sometimes, yes. Often, no — especially when you factor in equity, tax benefits, and rising rents. Our Rent vs. Buy tool tells you.

Myth #4

"Pre-approval locks me in"

A pre-approval is a planning tool, not a commitment. You can shop your loan and we encourage you to compare.

Your Six-Question Plan

The questions we'll help you answer

  • Can I afford to buy? We'll estimate a comfortable price range based on your income, debts, and goals.
  • What loan options fit me? Conventional, FHA, VA, USDA, or state housing — we match the program to you.
  • How much cash will I need to close? Down payment, closing costs, reserves — itemized.
  • Am I ready for pre-approval? We'll tell you if you're ready today or what one or two steps will get you there.
  • What VA or MD programs should I ask about? Grants, forgivable loans, and tax credits available where you live.
  • What is my next best step? A clear, written plan — no pressure, no obligation.
Buying Power Quiz Down Payment Matcher Pre-Approval Score Rent vs. Buy
FAQ

What first-time buyers ask us

How much should I have saved before I start?
Some of our first-time buyers close with as little as a few thousand dollars out of pocket when they combine a low-down-payment loan with state DPA. Others choose to put more down to lower their payment. We'll help you model both.
How is a broker different from a bank?
A bank sells you their loans. A broker shops multiple lenders on your behalf. TMES works with our network of investor lenders, which often means better pricing and more program choice — especially for borrowers who don't fit a single bank's rigid guidelines.
What credit score do I really need?
580+ for FHA, 620+ typical minimum for conventional and VA. Higher scores generally mean better pricing. Even if you aren't there yet, we can put together a 30–90 day plan.
Are first-time buyer classes required?
Many state DPA programs require a short online homebuyer education course. They are genuinely useful and usually cost $50–$99. We'll point you to approved providers.
What happens after I submit a form?
A TMES advisor — a real, licensed person, not a call center — reaches out within one business day. We don't sell your information, and you're under no obligation to move forward.
Next Step

Start your home buying plan

Spend five minutes with our tools, then we'll help you turn the result into a real, actionable plan.

Talk to an Advisor Start the Buying Power Quiz
No credit pull on any tool. Your information is never sold. NMLS ID# 205178.
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