Need a prequalification letter?
Make an offer for your next home purchase with confidence! Request a prequalification letter today.Request letter
Limited-time offer
Apply for your home-grown home loan and receive a free appraisal, now until July 31, 2024.² With an easy, online application and one-on-one guidance, you’ll be home in no time!
Get homebuying right the first time
Buying your first home is a big decision. Mountain America is here to help. Our team of mortgage experts will guide you through the first-time homebuyer loan process, ensuring you have an easy, worry-free experience. Best of all, you won't have to make a big down payment.
First-time homebuyer loan details
- Loan amounts up to $637,500—loan limits may be higher depending on the county limits
- Seller can contribute up to 3% toward closing costs
- No prepayment penalties
First-time homebuyer program benefits
- Up to 100% loan-to-value financing*
- Down payments as little as $1,000
- No private mortgage insurance required
- Fixed- and adjustable-rate options
- No income limitations
- Quick Close℠ electronic mortgage process
Estimate your mortgage payments
Customize your rate
Today’s interest rates
Today's rate
100% First-time Homebuyer
As low as
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Today's rate
30-Year Fixed Mortgage (New Purchase)
As low as
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FAQs for first-time homebuyers
Who is considered a first-time homebuyer?
How do you qualify for a first-time homebuyer loan?
How do you apply for a first-time homebuyer loan?
To apply for a first-time homebuyer loan, you will want to first get preapproved by a lender. The lender will check your credit history and then will need to verify your income and assets. You’ll need to provide the following for financial verification:
- Recent pay stubs.
- Most recent W-2 form.
- Last two years of tax returns.
- Bank statement.
- Proof of down payment.
Additional items may be required depending on an individual’s unique situation.
Is a first-time homebuyer loan worth it?
How much can first-time home buyers afford?
Which loan is best for first-time homebuyers?
Begin your journey to homeownership
Get started today by applying online or calling 1-800-277-7703. If you still have questions, schedule an appointment with one of our mortgage specialists.
Apply nowMeet with a specialist
Meet with a Loan Officer
Our mortgage experts will answer your questions, help assess your financial situation, and can recommend the best mortgage program for your situation.
1. Loans on approved credit. Actual APR based on creditworthiness.
2. Free appraisal on new purchases and construction loans only. Not available on refinance loans. Cannot be combined with other offers. Limit one per household. Offer valid on applications received between 3/1/24 and 7/31/24 for loans that close no later than 8/31/24. Limited-time offer. Offer can change or be withdrawn at any time.
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