Newfi offers a variety of loan programs for first time home buyers:
FHA Loans – Buy a home with as little as 3.5% down, flexible credit requirements, and options for minimizing out-of-pocket closing costs
30-Year Fixed Rate – The classic mortgage with a long repayment period and monthly payments that won’t go up
Adjustable Rate Mortgages – An interesting option with a low initial mortgage rate if you will move or refinance in a few years
40-Year Mortgages – Get a very low, interest-only payment during the first 10 years, after which it turns into a 30 year fixed