ECAB Resource Center

ECAB Resource CenterECAB Resource CenterECAB Resource Center
  • Home
  • First Time Homebuyers
  • First Gen Homebuyers
  • Down Payment Assistance
  • Find a Home Today
  • Weekend Talking Points
    • July 2025 MBS Highway
    • May 2025 Hottest Markets
    • Home Prices are Rising
  • More
    • Home
    • First Time Homebuyers
    • First Gen Homebuyers
    • Down Payment Assistance
    • Find a Home Today
    • Weekend Talking Points
      • July 2025 MBS Highway
      • May 2025 Hottest Markets
      • Home Prices are Rising

ECAB Resource Center

ECAB Resource CenterECAB Resource CenterECAB Resource Center
  • Home
  • First Time Homebuyers
  • First Gen Homebuyers
  • Down Payment Assistance
  • Find a Home Today
  • Weekend Talking Points
    • July 2025 MBS Highway
    • May 2025 Hottest Markets
    • Home Prices are Rising

First Generation Home buyers

What is it?

A “First-Generation Homebuyer” is any individual whose parents or guardians never owned a home during the homebuyer's lifetime (excluding heir property) and whose spouse has not owned a home in the last three years.

How it Works

The program will provide a loan of up to 20% of the purchase price of a home or a maximum amount of up to $150,000. The money can be used to help finance a down payment, closing costs or a first-time mortgage.

Down Payment

"Minimum” down payment assumes 3% down on a conventional mortgage with a minimum credit score of 620. If you're eligible for a VA loan (backed by the Department of Veterans Affairs) or a USDA loan (backed by the U.S. Department of Agriculture), you may not need any down payment at all.

Complete This Form to Get Started


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