Best Home Loans for First-Time Buyers in 2025

best home loans 2025

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

LenderLoan TypeInterest RateDown Payment
Rocket MortgageFHA Loan5.5%3.5%
Wells FargoConventional6.0%3%
Chase BankVA Loan5.3%0%
Bank of AmericaFHA Loan5.7%3.5%
Quicken LoansConventional5.9%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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