First-Time Home Buyers
Everything you need to know about buying your first home in San Antonio, from programs and assistance to the step-by-step process.
5 steps to your first home
Check Your Finances
Review your credit score, savings, and monthly budget. A score of 620+ opens up most loan programs, though some options exist for lower scores.
Get Pre-Approved
This tells you exactly what you can afford and shows sellers you are a serious buyer. With Jonathan as your MLO, this happens in-house, fast and seamless.
Understand Your Options
Conventional, FHA, VA, USDA, and down payment assistance programs each have different requirements. We will match you with the right fit for your situation.
Start Your Search
With your budget set, we focus on homes that match your priorities. We tour properties together, point out what matters, and skip what does not.
Make an Offer & Close
We guide you through the offer process, negotiations, inspections, and closing. You will never wonder what is happening because we keep you updated every step of the way.
Options for first-time buyers
FHA Loans
Insured by the Federal Housing Administration. Lower credit requirements and competitive rates make this a popular choice for first-time buyers.
Conventional (3% Down)
Fannie Mae and Freddie Mac programs designed for first-time buyers with lower down payments and no upfront mortgage insurance premium.
VA Loans
Available to eligible veterans, active-duty service members, and surviving spouses. No PMI and the lowest total cost of any loan program.
USDA Loans
For homes in eligible rural and suburban areas. Parts of Cibolo, Schertz, and outlying San Antonio areas may qualify.
TSAHC Programs
Texas State Affordable Housing Corporation offers down payment assistance grants and second liens for eligible first-time buyers.
TDHCA My First Texas Home
Texas Department of Housing and Community Affairs program with 30-year fixed-rate mortgage options and down payment/closing cost assistance.
What most first-time buyers do not know
Do not open new credit accounts or make large purchases before closing. It can affect your pre-approval.
Get your pre-approval before you start looking at homes. It keeps your search focused and your offer strong.
Budget for closing costs, which typically run 2% to 5% of the purchase price on top of your down payment.
Do not skip the home inspection. It is your best protection against expensive surprises after closing.
Ask about down payment assistance. Texas has multiple programs that can reduce or eliminate your out-of-pocket cost.
Ready to buy your first home?
We will walk you through every step, answer every question, and make sure you understand the process before you sign anything.