First-Time Home Buyer Guide (Virginia, Maryland & DC) – 2026

First time home buyer in Virginia Maryland and Washington DC getting mortgage

This first time home buyer guide will walk you through everything you need to know before purchasing a home in Virginia, Maryland, or Washington DC. Buying your first home is exciting, but it can also feel overwhelming. Understanding your options is the first step toward making a confident and informed decision.

At ABC United Finance Corp, we help first-time homebuyers navigate the process with clarity, competitive rates, and fast approvals.

Apply now to get pre-approved

What First-Time Home Buyers Should Know

First-time home buyers often qualify for flexible loan programs designed to make homeownership more accessible. These programs can offer lower down payments, competitive interest rates, and more flexible qualification requirements.

Whether you’re buying in Northern Virginia, suburban Maryland, or Washington DC, choosing the right loan program is key to long-term financial success.

Loan Options Available

There are several popular mortgage options available for first-time buyers:

Conventional Loans

Ideal for buyers with strong credit and stable income. These loans offer competitive rates and flexible terms.

FHA Loans

A great option for buyers with lower down payments and more flexible credit requirements.

VA Loans

Available for eligible veterans and active-duty military members, often with no down payment and favorable terms.

Low Down Payment & 100% Financing Options

Many buyers assume they need 20% down to purchase a home, but that is not always the case. There are programs available that allow little to no money down.

FHA Down Payment Assistance (DPA)

FHA loans can be combined with down payment assistance programs, allowing eligible buyers to achieve up to 100% combined loan-to-value (CLTV). This can significantly reduce upfront costs and make homeownership more accessible.

USDA 100% Financing

USDA loans offer 100% financing, meaning no down payment is required for eligible properties located in approved rural and suburban areas. This is a powerful option for qualified buyers in parts of Virginia and Maryland.

Eligibility requirements apply, and program availability may vary based on location, income, and credit qualifications.

Want to see if you qualify for 100% financing? Get pre-approved in minutes with no impact on your credit.

How Much Do You Need for a Down Payment?

Many first-time buyers believe they need 20% down, but in reality:

Conventional loans can start as low as 3% down
FHA loans can require as little as 3.5% down
Some programs offer 100% financing

Your actual requirement depends on your credit profile, income, and loan type.

Local Opportunities in Virginia, Maryland & DC

There are also state and local assistance programs available that can help with:

Down payments
Closing costs
First-time buyer incentives

These programs vary by location, so working with a knowledgeable mortgage lender ensures you take full advantage of available opportunities.

Speak with a mortgage expert today

Get Pre-Approved Before You Start Shopping

Getting pre-approved is one of the most important steps in the homebuying process. It helps you:

Understand your budget
Strengthen your offer
Move quickly when you find the right home

Start Your Home Buying Journey Today

Whether you’re buying your first home in Virginia, Maryland, or Washington DC, our team is here to guide you every step of the way.

Explore your loan options with confidence