Happy young couple in their new home.

Home Loan Mortgages

First Time Homebuyer Programs

Firstrust has programs and resources available to first time homebuyers that makes home buying more affordable. From low down payment options to closing cost assistance programs, we are committed to making homeownership as affordable as we can.

First Time Homebuyer Process


Step 1

Getting Started

Select a program you are interested in and submit a request using our easy online form. A mortgage loan specialist will reach out to consult on your goals and start your home buying process.
Step 2


You will have access to a personalized loan portal, where you can upload documents, track progress, ask questions and more. Loan progress will heavily depend on your ability to get information sent over.
Step 3

Loan Approval

After all loan documents are submitted your loan will be sent for review and approval. Your loan officer will contact you when your loan is approved.


Your loan is ready to close and a settlement date is set. Your mortgage loan specialist will help you every step of the way.

First Time Homebuyer Programs

Frequently Asked Questions

How much do I need to put down to buy a home?

There are many down payment options for first time home buyers, that allow for a lower down payment than 20%.  When you speak with one for our mortgage loan officers they can help you determine which program would be best for you.  

What part of my finances will my mortgage lender need to review?

We will check your credit score and history, your debt-to-income ratio, which is a measurement of the amount of debt you have compared to your income, and take a general look at how much money you have in checking and savings accounts in order to be confident you’ll be able to pay for your mortgage, taxes, and other costs associated with buying a home.

Is my credit score high enough to buy a house?

Your credit score will be pulled in order to pre-qualify you for a mortgage.  The higher your credit score is the more buying options you will have.

Should I get pre-qualified before I start looking?

It is helpful to get pre-qualified before you start your search.  A pre-qualification will allow you know where to start and how much you can afford.

Does a pre-qualification affect my credit score?

A pre-qualification can result in a hard inquiry on your credit if you authorize a credit inquiry, which may affect your credit score.

Once I receive a pre-qualification am I also pre-approved?

No, a pre-qualification is not a guaranteed loan approval.  You will need to submit a mortgage loan application once you find a property you would like to purchase.  

Is there a charge for a pre-qualification application?

No, for the first time homebuyer programs Firstrust does not charge for a mortgage pre-qualification.

Achieve HomeOwnership with Firstrust

Why Choose Us as Your Mortgage Lender

Get Started


First Front Door Program - income limits are for the Philadelphia-Camden-Wilmington-PA-NJ-DE-MD MSA and contain the following areas: New Castle County, DE; Cecil County, MD; Burlington Country, NJ; Camden County, NJ; Gloucester County, NJ; Salem County, NJ; Bucks County, PA; Chester County, PA; Delaware County, PA; Montgomery County, PA and Philadelphia County, PA. The Federal Home Loan Bank of Pittsburgh administers the First Front Door Program. In addition to the requirements above, borrowers must contribute personal funds toward the down payment and closing costs, must not be a student working less than 30 hours per week, must complete at least 4 hours of homeownership counseling from an approved provider prior to purchase and may not receive more than $250 cash back at loan closing. In addition, the borrower must retain the home for 5 years from the loan closing date to keep the full amount of the grant.

HomeFirst - to be eligible for a HomeFirst mortgage the loan must be for the purchase or refinance of an owner-occupied home, the property must be located in a Firstrust Bank Assessment Area (Philadelphia, Bucks, Montgomery, Chester, Delaware or Lehigh Counties in PA; Camden County in NJ; or Baltimore County in MD). Also, either the property must be located within a low-to-moderate income census tract within these counties as designated by the US Census Bureau or the applicant's income must be no higher than the area median income where the property is located.

HomeFirst Plus - based on a $225,000 max loan amount for a 30-year fixed-rate mortgage with an APR of 7.132%, there would be 360 monthly payments of $1,496.93. Payments shown do not include taxes or insurance. Your payment may be greater. To be eligible for a HomeFirst Plus mortgage the loan must be for the purchase of an owner-occupied home, the property must be located in a Firstrust Bank Assessment Area (Philadelphia, Bucks, Montgomery, Chester, Delaware or Lehigh Counties in PA; Camden County in NJ; or Baltimore County in MD) and the applicant’s income must fall within the low-to-moderate income level for the area where the property is located.

Mortgage loans are offered by Firstrust Bank NMLS # 424205. All loans are subject to individual credit approval. Pre-qualification is not a commitment to lend. Offer may not be combined with any other offer and may be revised or rescinded at any time without notice.

Firstrust National Licensing Service (NMLS Representatives)