First-time homebuyers often need extra help to get through the mortgage process. That’s why it’s important to have a lender that is equipped to meet their unique needs.
As the housing market has gotten more expensive, more mortgage lenders have launched loan products that aim to make it a little more affordable for those who are looking to buy a home for the first time. Here are our favorite lenders for first-time homebuyers in 2025, plus the products they offer that make them so affordable.
- Bank of America Mortgage: Best overall
- Guild Mortgage: Best range of loan options
- Chase Mortgage: Best for low-income borrowers
- Navy Federal Credit Union Mortgage: Best for veterans
- U.S. Bank Mortgage: Best for student loan borrowers
- Carrington Mortgage Services: Best for low credit scores
- Third Federal Savings and Loan Mortgage: Best for low closing costs
- Rocket Mortgage: Best for low down payments
- CrossCountry Mortgage Mortgages: Best for non-traditional borrowers
- Flagstar Bank Mortgage: Best for professional loans
Compare the Top First-Time Homebuyer Mortgages
The best first-time homebuyer lenders and loans come with features that are beneficial for first-timers, such as down payment assistance, flexible credit requirements, and affordable rates and fees. These lenders also have great customer service and convenient application processes. Here are the best mortgage lenders for first-time homebuyers and the affordable loans they offer, as chosen by Business Insider editors in 2025.
Best Overall for First-Time Homebuyers: Bank of America Community Affordable Loan Solution
Best overall
Bank of America Mortgage