Do first-time buyers get lower rates?

Not automatically — your rate is driven by credit score, down payment, and loan type, not first-timer status. But first-time buyers do get access to special programs that lower the overall cost.

Florida Hometown Heroes, FHA, and conventional 3%-down programs offer reduced PMI or down payment help that effectively lowers what you pay. We pair you with the program that drops your monthly cost the most.

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