Think buying your first home means you need a huge savings account? Think again. At Menage Mortgage, we offer a special program designed specifically for first-time buyers that helps you become a homeowner with little or no upfront money needed — even if it’s your first home.
What’s Down Payment Help?
As a first-time buyer, you might be concerned about coming up with a down payment. With our down payment assistance program, you can receive a forgivable grant down payment — up to 3.5% of the purchase price — to help cover this initial cost.
The best part? You don’t have to repay the grant as long as you meet a few simple program guidelines.
✅ Why This Program Helps First-Time Buyers
- Covers Your Upfront Costs
This program helps cover your down payment — the biggest barrier for most first-time buyers. - Forgivable Grant
The money is a grant, not a loan. No repayment is needed if you follow the program requirements. - Lower Credit Score Accepted
You may still qualify even if your credit is not perfect. - No Resale Restrictions
You can move, refinance, or sell when you’re ready — no penalties. - Eligible for Multiple Property Types
Single-family homes, condos, townhouses, and some manufactured homes may qualify.
🧠 Pros and Cons for First-Time Buyers
Pros
✔️ Allows first-time buyers to purchase without large savings
✔️ Offers a forgivable grant for down payment needs
✔️ Doesn’t require repayment if rules are followed
✔️ Supports essential workers and middle-income families
Cons
⚠️ Slightly higher interest rates may apply
⚠️ You must take a short homebuyer education course
⚠️ Not available in all states
⚠️ Some property price limits apply
🏠 Who Can Qualify as a First-Time Buyer?
You only need to meet one of these criteria:
- You’ve never owned a home or haven’t owned one in the last 3 years
- Your income is average or below for your area
- You’re employed or volunteer in fields like teaching, healthcare, public service, etc.
- You’re buying in a community that needs more homeowners
💡 Not sure if you qualify as a first-time buyer? We can check for you in minutes.
📄 Get Your Free First-Time Buyer Application Guide
Want to know exactly how to get started with Menage Mortgage? We’ve made it simple.
This free guide includes:
- How to complete your secure application
- How to pay for your soft credit check (won’t affect your score)
- How to receive your pre-qualification letter
- How to get your Homeownership Education Certificate, a simple one-hour online course required to receive down payment assistance
🌟 Why First-Time Buyers Choose Menage Mortgage
We specialize in helping first-time buyers succeed. Whether you’re exploring your options or ready to move forward, we’ll guide you step-by-step.
📞 Call us today
Let’s make your dream of homeownership a reality — with down payment assistance and a forgivable grant down payment.
Great for:
First-time buyers, renters ready to own, essential workers, teachers, nurses, families with limited savings, and anyone ready to stop renting and start owning.
