Best Home Loans for First-Time Buyers in 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 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.