A Key to Your First Home

Introducing our First Time Home Buyer FHA Mortgage Product, specifically crafted for first-time buyers. With loan amounts ranging from $150,000 to $800,000, this mortgage accommodates a variety of properties such as Condos, Townhomes, Multi-Family 1-4 units, Single Family homes, and Commercial assets. It offers select lending terms like 5-Year ARM, 7-Year ARM, and 30-Year Fixed to cater to different financial strategies.

One of the standout features of this product is down payment assistance, making homeownership more attainable for those entering the market. This mortgage product simplifies the path to your first home, providing both flexibility and support in your homebuying journey.

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Who Is FTHB This Product For?

  • First-Time Buyers: Those looking to purchase their first residential property.
  • Young Professionals: Just starting on their career and housing journey.
  • Small Families: Seeking a permanent, comfortable living space.

How A FTHB Mortgage Benefits You?

  • Lower Interest Rates: Designed to be financially accommodating.
  • Reduced Down Payments: For easier entry into home ownership.
  • Diverse Loan Options: To suit various financial situations and goals.

Specific Requirements

  • First-time homebuyer status as defined by HUD.
  • Fulfillment of basic income and credit criteria.

FTHB Property Types Funded

Diverse Properties to Choose Your First Home:

  • Single Family Residences: Detached homes intended for one family.
  • Condominiums: Individual units in a larger complex, often in cities.
  • Townhomes: Multi-level homes connected in a row, common in suburban areas.
  • Multi-Family Properties (1-4 units): Buildings housing multiple families, offering potential for rental income.
  • Commercial Properties: Spaces used for business activities, such as offices, retail, or industrial facilities.
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FTHB Loan Amounts

  • Minimum Loan Amount: Starting at $150,000 for more modest first homes.
  • Maximum Loan Amount: Up to $800,000 for those with grander property aspirations.
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FTHB Loan Terms

  • 5-Year Adjustable-Rate Mortgage (ARM): Lower initial rates, ideal for short-term investment strategies.
  • 7-Year Adjustable-Rate Mortgage (ARM): Moderate initial rates suitable for medium-term financial planning.
  • 10-Year Adjustable-Rate Mortgage (ARM): Extended adjustable rate period for greater financial flexibility.
  • 30-Year Fixed-Rate Mortgage: Long-term stability with a fixed interest rate for the loan's duration.
  • 40-Year Fixed-Rate Mortgage: Extended fixed-rate term for reduced monthly payments.
  • Interest-Only Loans: Pay only the interest initially, offering lower monthly payments for a set period.

FHA Availability Funding Eligibility

Our FHA Mortgage Lending product is accessible to a wide range of entities:

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Individuals

A direct and personalized approach to property acquisition.

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Corporations

Facilitating rapid portfolio expansion or diversification.

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Limited Partnerships

Capitalize on collective investment opportunities swiftly

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Trusts

A tool for versatile, strategic real estate planning.

Your dream home doesn't have to remain just a dream. With Barrett Financial's First Time Home Buyer Mortgage product, that key to your future is within reach. Begin your application today to step onto the property ladder with confidence.

States We Serve

Barrett Financial is proud to service multiple states across the U.S., offering comprehensive solutions to suit diverse regional needs. Check our map to find out if we service your state.

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