Why Pay Rent When You Could Own?
There's never been a better time to buy a home! For possibly for the same monthly rent payment, you may be able to invest in a home of your own. We have a variety of mortgage loan options and look forward to helping you analyze them.
First Time Homebuyer Tax Credit
As a first time homebuyer, you may be eligible for up to an $8,000 government tax credit if you meet the eligibility requirements outlined in the American Reinvestment and Recovery Act of 2009. Learn more.
You Can Still Buy a Home with Minimal or No Down Payment
First time homebuyers represent about 35% of today's home purchasers, and the majority of these buyers select a government FHA (Federal Housing Administration) -insured mortgage. This type of mortgage features:
- Minimum down payment requirements
- Flexibility in qualifying for a mortgage (FHA may work in conjunction with other programs available in your community)
U.S. Bank is a direct-endorsed FHA lender with experienced mortgage experts available to help you throughout the application process.
The First Step: Mortgage Pre-Qualification
When you contact a U.S. Bank Mortgage Loan Officer to discuss your homeownership goals, you may decide to become pre-qualified. This is very helpful as you start your search for a new home.
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