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Affordable financing for first-time homebuyers.


FIRSTHome is a first mortgage loan program for first-time homebuyers who have low and moderate incomes. A first-time homebuyer is someone who has not owned and occupied a home as their primary residence in the past three years. Here are some quick facts about the FIRSTHome program:

  • May be used with either of MFA's down payment assistance second mortgage loan programs: FIRSTDown or HOMENow. Can also be used as a stand-alone first mortgage.
  • Exclusively for first-time homebuyers. 
  • Borrowers must meet income guidelines. To see a list of income limits, click here. 
  • Works with FHA, VA, USDA and HFA Preferred Conventional mortgage loans.
  • Borrowers must contribute $500 from their own funds. The contribution cannot come from any type of gift, grant or down payment assistance.
  • MFA requires a minimum credit score of 620. All homebuyers must receive pre-purchase counseling through MFA's online program, eHome American, or through an approved counseling agency.


For more information about the FIRSTHome program, click here to download a factsheet. 

Current Rates

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Mortgage Calculator

Use a mortgage calculator to find out what price home you can afford using a FHA or Conventional loan and how much your payments will be. 

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