Questions about mortgage loan interest rate or down payment? Call us at 813-679-9947 or 720-483-7336
First-Time Homebuyer Mortgage Guide — Florida, Ohio & Colora
Your Roadmap to Buying a Home With Confidence
First-Time Homebuyer Mortgage Guide — Florida, Ohio & Colorado
Buying your first home is exciting — but it can also feel overwhelming. At Newton Financial Home Loans (NMLS #2024914), we help first-time buyers in Florida, Ohio, and Colorado understand their options, feel confident about financing, and move into their new home with ease. With over 30 years of experience, we know the local markets and can match you with the right loan program and lender.
Why Work With an Independent Mortgage Broker
Banks and big online lenders only offer their own products. As a wholesale mortgage brokerage, we partner with a wide network of lenders so you can compare competitive rates and programs in one place. Our goal is simple: find you the best fit — not just what one bank has available.
Working with a broker means:
- More loan choices (Conventional, FHA, VA, USDA, Jumbo, and more)
- Potentially lower costs thanks to wholesale pricing
- Faster, clearer communication and personal guidance
- Local expertise combined with national resources
First-Time Homebuyer Loan Options
Buying your first home doesn’t mean you have to know every program — that’s our job. Here’s a quick look at the most popular options we’ll review with you:
FHA Loans
- Down payments as low as 3.5%
- Flexible credit requirements
- Great for buyers without a long credit history or with some past credit challenges
VA Loans
- 0% down for eligible veterans, active-duty service members, and surviving spouses
- No monthly mortgage insurance
- Competitive interest rates
USDA Loans
- Zero down payment for homes in eligible rural and suburban areas
- Low mortgage insurance costs
Conventional Loans
- Down payments as low as 3% for qualified buyers
- More flexibility for property types and higher credit borrowers
We’ll walk you through each option and show you real numbers — estimated payments, cash needed to close, and any benefits you may qualify for.
Down Payment & Closing Cost Assistance
Many first-time buyers don’t realize there are state and local programs that can help reduce upfront costs.
- Florida Housing Finance Corporation (FHFC) — down payment and closing cost help
- Ohio Housing Finance Agency (OHFA) — grants and affordable loan programs
- Colorado Housing & Finance Authority (CHFA) — down payment assistance and tax credits
We’ll help you check eligibility and combine these resources with your mortgage for maximum savings.
Step-by-Step Mortgage Process
- Pre-Approval — We analyze your income, credit, and goals so you know your price range and can shop confidently.
- Home Shopping — With your pre-approval in hand, you and your realtor can make competitive offers.
- Loan Application — Once you’re under contract, we lock your rate and begin underwriting.
- Processing & Underwriting — We handle the details, coordinate with the title company, and keep you informed.
- Clear to Close — Review final numbers, sign documents, and get your keys!
Popular First-Time Homebuyer Loan Options
Tips to Get Mortgage-Ready
- Check your credit early — we can help you review and understand it.
- Save for upfront costs — even low down payment loans have some out-of-pocket expenses.
- Avoid major changes — no new debt, no job changes, and keep bank activity steady during the loan process.
Why Choose Newton Financial Home Loans
- 30+ years of mortgage expertise — We know the guidelines, lender requirements, and how to solve tricky situations.
- Fast, proactive communication — You’ll always know what’s next.
- Trusted by realtors and repeat clients — Our reliability helps your offers stand out.
- Local market insight — We know the neighborhoods, property trends, and lending conditions in Florida, Ohio, and Colorado.
When you work with us, you’re not just getting a loan — you’re getting a partner who wants you to succeed long-term.
Start Your First Home Journey Today
If you’ve been searching for a mortgage broker near me, first-time home buyer loan Florida, or low down payment mortgage Ohio or Colorado, you’ve found the right place. At Newton Financial Home Loans, we combine deep expertise with personal attention to make your first purchase smooth and stress-free.
Contact us today for your free, personalized pre-approval and take the first step toward homeownership.
First-Time Homebuyer FAQs
How much down payment do I need to buy my first home?
Many first-time buyers think they need 20% down, but that’s a myth. With FHA loans, you can put as little as 3.5% down. Conventional loans may allow 3% down for qualified borrowers. VA and USDA loans can offer 0% down for eligible buyers.
Can I get help with my down payment and closing costs?
Yes. Programs in Florida, Ohio, and Colorado offer down payment and closing cost assistance for first-time buyers. For example, Florida Housing, OHFA in Ohio, and CHFA in Colorado all have grants or low-interest assistance loans.
How do I know if I qualify for a first-time homebuyer loan?
Qualification depends on income, credit, and the loan program. We help you review your finances, credit history, and eligibility for FHA, VA, USDA, and Conventional loans — plus state assistance programs.
How long does it take to get approved for a mortgage?
Once you’re under contract, most home loans can close in 30 days or less with the right paperwork and cooperation. Pre-approval before you shop helps speed up the process.
What’s the difference between a mortgage broker and a bank?
A mortgage broker like Newton Financial Home Loans shops multiple lenders for you, giving you access to more programs and potentially better pricing than a single bank can offer.