Best mortgages for first time home buyers?

Without knowing all the details of your loan scenario, it's difficult to say for sure. Are you a Veteran? The best loan on the market right are VA loans, but you have to have VA eligibility to qualify.. if not then a conventional loan would be best.. you will need 5% or more for a down payment, and if you have 20% or more down, you wont have to pay mortgage insurance. Since your first time buyers, i suggest you contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Either FHA or Conventional 3 to 5% down payment. Direct Fannie Mae Lender. Contact me, you'll be glad you did :)

Jerry, Hello there, Timothy Howard here, and I will tell you it is quite possible to do especially in the town you live in! Wellington Ut, is a rural area of Utah, and it qualifies for the 100% No Down Payment USDA Rural Loan.This loan is a great loan to do, but it does have a small pmi payment on a monthly basis.I have done many of these loans in the past, and know how to get them done. I am a direct lender here in Utah and would love the chance to help you and your wife get into a home.When would be a good time to talk?you can apply online at www.yourmortgageguy.us or give me call at 435.764.8709

The best place to get the answer to your question is to contact a local mortgage broker, and provide them with a full application. They can take your application, review your situation, and then focus in on what you can afford, what programs work best, what payments may look like, and how much money you may need to put it all together. There isn't one program that is "best" for anyone. Everyone's situation is different. For loans in MN, WI, and SD - visit www.MortgagesUnlimited.biz