First-Time Buyer Mortgages

Buying your first home represents an exciting life milestone. As a first-time homebuyer, you are navigating unfamiliar territory. You will want to account for every possible consideration before committing to an investment this significant. The financial decisions you make at this point will impact your life for years to come. 

Over our years of experience, we have helped countless first-time homebuyers find the perfect mortgage. J.G. Wentworth’s home loan specialists can help you every step of the way. We offer a wide array of grant programs and assistance plans. These factors, combined with our low interest rates and loans without points, make us an ideal partner for your path to homeownership.


Financing Your First Home

The assistance of a reputable company like J.G. Wentworth is critical to the homebuying process. Our home loan specialists help customers choose from a wide array of mortgages every day. We’ve designed a technologically advanced mortgage process that eliminates the hassle from application and approval. With our variety of options and low home loan rates, you will be sure to find a mortgage that fulfills your unique needs.
  • Fixed-rate

    Fixed-rate mortgages come in 15-year or 30-year variations. This type of loan comes with a fixed interest rate and requires a standard down payment. Since your payments will be the same every month, it makes it easier to plan a budget.
  • Adjustable-rate

    This kind of mortgage has an interest rate that can change over time. Your monthly payments start low, then adjust according to the market, sometimes allowing you to qualify for a larger loan. Because rates and payments may rise over time, these mortgages tend to suit those who already know they will eventually sell the house.
  • FHA loan

    Federal Housing Administration (FHA) loans allow those with low to moderate income to borrow up to 96.5% of a home’s value. The required down payment -- 3.5% of the value of the home -- can come from cash, gifts, or grants, making this option ideal for first-time homebuyers that do not have extensive savings.
  • USDA Loan

    The United States Department of Agriculture (USDA) can provide loans to moderate-income buyers that wish to buy a home in a rural area. Depending on the home appraisal, the USDA may even finance down payments and closing costs.
  • VA Loan

    Veterans are eligible to receive loans through the Department of Veterans Affairs (VA) Loan Program. This program offers loans with low interest rates and no down payments, among other advantages. J.G Wentworth is proud to be a VA-approved lender.

Buyer Assistance for Beginners

As you apply for your mortgage, our home loan specialists will help you assess your finances and inform you of important considerations to keep in mind throughout the process. With our low minimum credit scores and broad range of mortgages, first-time buyers have a tremendous amount of flexibility.

J.G. Wentworth’s low down payment programs, together with our plans specifically designed to help first-time home buyers, all serve to empower you in your homebuying journey. Unlike many other lending companies, we provide manual underwriting for all types of loans, enabling us to approve some mortgages that may otherwise have been rejected.

As you prepare to apply for your mortgage, one of our home loan specialists will guide you through questions like the following:

 

What monthly payments can you afford?

As a new homeowner, you will need to project your budget far into the future to ensure that you can pay your bills on time. Tools like our mortgage payment calculator can give you a better idea of what to expect.

 


 

How much money do you have available for a down payment?

In most cases, the homebuying process will involve a down payment that represents a certain percentage of the home’s value. Knowing how much you money you can set aside for the down payment will prove useful in this process.

 


 

How stable is your income?

Buying a home will have a tremendous impact on your life financially. Make certain that you can commit to monthly mortgage payments.

Why Choose J.G. Wentworth?

The comprehensive resources that we offer eliminate stress and uncertainty from homebuying. Our A+ rating with the Better Business Bureau and award-winning customer service affirms our dedication to your success. Our commitment to customer satisfaction, along with our low mortgage rates and streamlined application processes, set us apart from other lenders.

Our experience with home lending allows us to confidently provide a wide range of home lending services. If you choose to work with us again -- whether you want to buy another property or lower your interest rate with home mortgage refinancing -- we will be ready to lend a hand.

How do I get started?

J.G. Wentworth believes that applying for a mortgage as a first-time buyer should be an exciting and stress-free process. To ask further questions or to get a rate quote, contact one of our home loan specialists today.