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How to Get a Mortgage as a First-Time Home Buyer

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Part of the video series: Mortgages

How to Qualify for an FHA Loan
Millions of people have utilized the FHA loan since the Federal Housing Authority introduced this program … More
Who Is Eligible for an FHA Home Loan?
The Federal Housing Authority, or FHA, is an agency of the U.S. Department of Housing and Urban Developmen… More
How to Get an FHA Loan
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How Does an FHA Loan Work?
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An FHA streamline loan requires an individual to show verifiable income in order for the FHA to process th… More
Advantages of an FHA Loan
The FHA (Federal Housing Administration) mortgage loan was the "original" sub-prime residential loan produ… More
How to Qualify for an FHA Loan
An FHA loan is a government backed loan the allows a client to get into a property with as little as 3 per… More
How to Get a Mortgage as a First-Time Home Buyer
Federal housing authority, or FHA, is a federal loan given to first-time home buyers as a mortgage. Get ac… More
How to Apply for an FHA Loan
FHA, otherwise known as Federal Housing Administration, is the largest mortgage insurer in the world which… More
How to Compare Mortgage Rates
To compare mortgage rates, talk with various lenders, consider a shorter term loan to negotiate better int… More
How to Qualify for an FHA Mortgage Refinance
Do you need to reduce your mortgage payments? Is your interest-only or adjustable rate mortgage about to c… More

Summary: Federal housing authority, or FHA, is a federal loan given to first-time home buyers as a mortgage. Get access to an FHA loan when buying a first home with tips from a licensed mortgage broker in this free video on personal finance and real estate.

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By Adriel Torres
eHow Presenter

Adriel Torres has been in the mortgage business for over a decade. He has owned two mortgage companies and is a licensed mortgage broker. Torres has been doing credit repair since...read more

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"Hi, you've been thinking about buying your first property. You're a first time home buyer and you're wondering how to get your first mortgage. No problem, I'll tell you how. My name's Adriel Torres and I'm the owner of ultimatecredittoday.com. As a first time home buyer there are many programs that will help you to get in to your first property. Federal Housing Authority, FHA is a federal loan that is given to first time home buyers at usually about ninety seven percent loan to value. And the remaining balance you can obtain from many many local and stage agencies that will help you as a first time home buyer to buy your first property. My first suggestion to you is to check with your local mortgage broker or local bank. Everybody has access to an FHA loan, for the most part. And that's the way to go as far as obtaining your first mortgage to buy a first property at a hundred percent which means you're not going to come to the table with any closing costs. Some you may depending on the program that are out there. but there are some that you may qualify for in order to get state loan to cover the rest of the ninety seven percent from FHA. And that's how to obtain your first loan as a first time home buyer. Again, my name's Adriel Torres. I'm the owner of ultimatecredittoday.com. Thank you very much."

eHow Article: How to Get a Mortgage as a First-Time Home Buyer