First-Time Home Buyer Programs
We offer first-time home buyer programs and loan options with great rates to help first-time home buyers get into their dream home.
We offer first-time home buyer programs and loan options with great rates to help first-time home buyers get into their dream home.
Many mortgage loan programs for first-time buyers
Benefit from a mortgage interest tax deduction1
Build equity instead of paying rent
Getting your first home doesn't have to be a difficult journey. Our first-time home buyer programs can help you along the way. Depending on your credit, how much money you can put down, whether you’ve served in the military, or how much you need to borrow, there are many programs available to help first-time home buyers. You can choose a first-time home buyer government program loan like an FHA loan, HomeReady loan, Home Possible loan or a VA loan, or a conventional loan. NASB also has a Dream Possible Home Loan offering down payment and closing cost assistance.
For a conventional loan, among the qualifications are:
FHA loan qualifications include:
NASB offers a number of loans and programs that helps getting a loan for a first-time buyer easy and affordable.
The different loans available include:
A minimum loan amount of $175,000 is required to apply. Exceptions include mortgage products for properties located within the Greater Kansas City metro and surrounding areas. Contact a NASB Loan Officer for details on the excluded areas and/or zip codes.
1This is not intended to and does not constitute legal advice or financial / investment / tax advice. North American Savings Bank does not make any guarantee or other promise as to the results obtained. You should consult with an attorney or other professional to determine what may be best for your individual needs.
2NASB does not charge lender fees on VA loans; however, fees payable to third-party service providers are still required, including a VA funding fee if applicable.
3VA loans require a down payment if the borrower does not have sufficient entitlement, for Graduated Loan Payment loans or one where the loan amount exceeds the property value.