AMHG | AUSTIN MORTGAGE & HOME GROUP
Explore Home Financing Options
Understand the main mortgage pathways, compare key considerations and take the next step that fits your goals.
Explore My OptionsFirst-Time Homebuyers
Buying your first home involves more than choosing a property. Understanding your budget, estimated payment, down payment, closing costs and preapproval can help you shop confidently.
- A preapproval review considers income, assets, credit, debts and loan-program requirements.
- Some programs allow relatively low down payments, but closing costs and reserves may still apply.
- Compare your estimated total monthly payment, including taxes, insurance and any mortgage insurance.
FHA and Conventional Loans
FHA and conventional loans can both help finance a primary residence, but they differ in underwriting, mortgage insurance and eligibility.
- FHA financing may offer flexibility for qualifying borrowers, with mortgage insurance requirements.
- Conventional financing may offer different down-payment and mortgage-insurance options depending on eligibility.
- Compare total costs and long-term plans, not just the advertised interest rate.
VA and USDA Loans
Eligible borrowers may qualify for VA or USDA financing with no required down payment, subject to applicable rules and property requirements.
- VA eligibility generally depends on qualifying military service and entitlement; lender and program requirements still apply.
- USDA eligibility considers household income, property location and other program requirements.
- Zero down payment does not necessarily mean zero cash needed at closing.
Down Payment Assistance
Assistance programs may help eligible homebuyers address upfront costs. Availability and terms depend on the program, funding and borrower circumstances.
- Some assistance is structured as grants; other programs involve repayable or deferred second mortgages.
- Credit, income, property, occupancy and homebuyer education rules can apply.
- Review repayment triggers, refinancing or sale restrictions, and the full cost before choosing assistance.
Educational information only. Program guidelines, availability, approval and pricing vary by lender and borrower. Mortgage services through Glory Mortgage LLC, NMLS 2123511. Austin Young, NMLS 2821134.