Buying your first home in 2025 is exciting but requires the right loan. This guide compares the best home loans for first-time buyers to help you choose.
Why Home Loans Matter for First-Time Buyers
Home loans make homeownership accessible with low down payments and competitive rates. In 2025, new programs support first-time buyers.
Top 5 Home Loans for 2025
| Lender | Loan Type | Interest Rate | Down Payment |
|---|---|---|---|
| Rocket Mortgage | FHA Loan | 5.5% | 3.5% |
| Wells Fargo | Conventional | 6.0% | 3% |
| Chase Bank | VA Loan | 5.3% | 0% |
| Bank of America | FHA Loan | 5.7% | 3.5% |
| Quicken Loans | Conventional | 5.9% | 5% |
How to Choose a Home Loan
Consider interest rates, down payment requirements, and eligibility. A strong credit score can secure better rates.
Frequently Asked Questions
What’s the minimum down payment for a home loan?
Some loans, like FHA, require as little as 3.5%.
Do I need a high credit score for a home loan?
FHA loans accept scores as low as 580.
Visit Finance Grow Easy for more tips.
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