This page is for you if…
- You’re renting and wondering if you could own for about the same monthly cost.
- You’ve heard you need 20% down — and that number feels out of reach.
- Your credit isn’t perfect, or you’re not sure where it stands.
- You’re self-employed or paid on commission and worried how lenders will see your income.
- You just want someone to explain the process in plain English, without pressure.
Loan options for first-time buyers
There’s no single “first-time buyer loan.” Todd compares the options side by side so you can see which fits your budget, credit and plans.
FHA loans
Government-backed loans with flexible credit guidelines — a common starting point for first-time buyers.
- As little as 3.5% down for qualified buyers
- Credit scores can start around 580
- Sellers can often help with closing costs
Low-down conventional
Conventional programs built for first-time and moderate-income buyers.
- As little as 3% down on select programs
- Mortgage insurance can be removed later
- Great fit for stronger credit
Down payment assistance
State and local programs that can help cover your down payment or closing costs.
- Some are grants; some are forgivable over time
- Eligibility and amounts vary by area
- Todd checks what’s available where you’re buying
Self-employed options
Bank statement and 1099 programs for buyers whose tax returns don’t tell the whole story.
- Qualify using 12–24 months of deposits
- Built for business owners and freelancers
- Different rates and terms than conventional loans
Doctor Loan Pink Program
Healthcare professionals — including physicians, dentists, PAs, NPs, CRNAs, pharmacists, residents and registered nurses — may qualify for a program built around their careers.
See if you qualify- As little as 3% down, up to 97% LTV
- No private mortgage insurance (PMI)
- Student loan flexibility
- Up to $3,000,000 on 1–4 unit homes
- Min 700 FICO · max 50% DTI
Your path to the keys
- 1Free 15-minute callTalk through your goals, budget and timeline. No credit pull needed to start.
- 2Credit & budget checkFind out what you can comfortably afford — not just what you qualify for.
- 3Get pre-approvedA pre-approval letter shows sellers you’re serious, usually within a day or two.
- 4Shop & make an offerTodd works with your agent so your offer is strong and your numbers are clear.
- 5Close & get your keysRegular updates from contract to closing day — no surprises.
What you’ll want to have handy
- Photo ID
- Recent pay stubs (about 30 days)
- W-2s or tax returns for the last two years
- Two months of bank statements
- Info on any debts (car, student loans, credit cards)
- Gift letter, if family is helping with the down payment
Don’t have everything yet? That’s okay. Todd will tell you exactly what’s needed for your situation.
Buying your first home is a big deal, and it should feel exciting — not confusing. My job is to explain every option in plain English, help you find a payment you’re comfortable with, and be a phone call away the whole way through.
Good questions we hear a lot
Do I really need 20% down?
No. Many buyers put down 3%–3.5%, and down payment assistance may cover part of that. A larger down payment lowers your payment, but it isn’t required to buy.
What credit score do I need?
FHA loans can start around 580, and many conventional programs start around 620. Todd can review your credit for free and show you what to work on if needed.
How much should I have saved?
Plan for your down payment plus closing costs (often 2%–5% of the price). Sellers can sometimes cover part of your closing costs, and DPA programs can help too.
Does getting pre-approved hurt my credit?
A credit check may cause a small, temporary dip. Rate shopping within a short window is generally treated as a single inquiry.
I’m self-employed. Can I still buy?
Yes. Beyond standard loans that use tax returns, bank statement programs can qualify you based on your deposits instead.
“Todd provided excellent customer service, was knowledgeable, and professional… He truly focused on our goals and answered our questions day and night.”
Let’s see what you can afford.
In 15 minutes, Todd can walk you through your options, estimate your budget and tell you exactly what to do next.