First-Time Home Buyer Guide

Got questions? No worries. Just give us a call!

At US Lending we are here to help you through every step of the process.  Our experienced loan officers work with you to assess your home-buying goals & discuss your home loan options. There are many programs tailored for first-time home buyers and we have the resources to get you started on this exciting journey.

In this First-Time Home Buyer Guide, we will cover:

  • The Equity Builder Program– monetary help from family and in some cases, others
  • First Time Buyer Resources – some free downloads with loads of helpful information.
  • First Mortgage Programs– We’ll highlight some of the several programs to serve first-time home buyers.

Let’s start with the Definition of a First-Time Home Buyer

If you have never owned a home, is the obvious definition of a first-time home buyer. That’s not the only way you can qualify for these benefits – in California at least.

According to the California Housing Finance Agency (CalHFA), you can also qualify as a first-time home buyer if you have not owned and occupied your own home in the last 3 years.

Equity Builder Loan Program

We are pleased to offer the Equity Builder Loan program, which is a forgivable loan for first-time home buyers that leverages home equity.

A few highlights:

  • Must be used with a  CalHFA first mortgage.
  • Up to 1-% of the sale price.
  • Some income limitations and residency requirements apply.

For more details, and  availability information download the flyer

Resources for First Time Home Buyers

There is a wide array of resources available to you as a first-time home buyer – on the web, at APM (American Pacific Mortgage, our parent company), and here on our site.

For your convenience, we’ve included a few here to get you started.

Have Questions?


First-time home buyers often need to look at home loan programs that require a smaller down payment. Some of these programs allow borrowers to purchase a home with as little as 3% down.

First Mortgages

(Mobile users: TAP to flip)

First Mortgage Programs

CalPLUS Conventional:  A conventional loan with a slightly higher fixed rate, but combined with the Zero Interest Program for closing costs.

FHA:  An FHA-insured loan with a fixed rate.

CalPLUS FHA:  An FHA-insured loan with a slightly higher fixed rate, but combined with the Zero Interest Program for closing costs.

Down Payment Assistance

(Mobile users: TAP to flip)

Down Payment Assistance

MyHome Assistance Program:  A deferred-payment down payment loan that can be up to 3.5% of the purchase price.

Extra Credit Teacher Home Purchase Program:  A deferred-payment down payment loan for teachers, administrators, & anyone else working for a California public school.

Payments on these programs can be deferred until the home is sold, refinanced, or the mortgage is paid in full.

Specialty Loan Programs

(Mobile users: TAP to flip)

Specialty Loan Programs

Keys on Time: Get pre-approved & shop for a home with confidence knowing you have preliminary approved financing. It will help you to beat out other bidders, as a seller knows you have already been pre-approved for financing & can close promptly.

Lock and Buy: Lock in your interest rate before you have a purchase contract to be protected against rising interest rates. (Certain fees may apply.)

To learn more about these options contact us!

You’ve got this!

And we’ve got you.

As a first-time home buyer with US Lending Company, you have the resources you need. And a team of professional Loan Officers ready to help you find a pathway to homeownership.

Or simply fill out the short contact form on this page. We will be in touch to schedule a free, no-obligation call or meeting at your convenience.

For even more information visit our First Time Buyers page and Loan Options page.

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