First Time Home Buyer Programs

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Buying and owning a home is the single largest purchase and investment most of us will ever make. First time homebuyers often need assistance with down payment or closing costs. Regions offers several limited down payment options to assist first time home buyers needing a loan with a higher loan-to-value.

This type of loan can help if you need money for a down payment or closing costs. The information below outlines the highlights of the different products we offer through our offices. For more assistance with Region's limited down payment programs, contact a local Mortgage Loan Originator.

Path to Homeownership for First Time Home Buyers

Regions has developed the Path to Homeownership – a tool designed to educate and assist first time home buyers and customers desiring to purchase a home by providing you with additional information pertaining to:

  • Making the Decision to Buy a Home
  • Preparing to Buy a Home
  • Application Checklist
  • Planning for Down Payment and Closing Costs
  • Determining your Borrowing Power
  • Understanding Credit Report Information
  • Ways to Increase Your Borrowing Power When Shopping for a Home
  • Negotiating the Offer to Buy
  • Obtaining a Loan
  • Closing Day
  • Life as a Homeowner

Path to Homeownership - English
Camino a la Compra de una Casa - en Español

Definition: Allows you to keep your money in the bank and have less out of your pocket for closing costs and down payment.

Terms: For available terms, contact your local Regions Mortgage Loan Originator.

Loan-to-Value: Loan-to-value refers to the ratio of the mortgage loan's principal to the property's appraised value or its sales price, whichever is lower. With a limited down payment loan, the maximum LTV is 97 percent, which means less money out of your pocket. Gift funds are allowed.

Loan Amount Limits: For maximum amounts, contact your local Regions Mortgage Loan Originator.

Learn more about your loan type options by reviewing the disclosures provided below:

For more information about being a first time home buyer, please locate a Regions Mortgage Loan Originator or give us a call at 1-877-536-3286.


Subject to Credit Approval