Loan Products

Discover the right loan for you – at NewTech Mortgage, it's more than a loan, it's your key to a new chapter in homeownership.

First-Time Homebuyers Loan

Discover the perfect loan for your first home with our tailored First-Time Homebuyers Loan. This mortgage option is designed to adhere to mortgage laws, providing simplicity and ease for prospective buyers.

First-Time Homebuyers Loan Overview
Our First-Time Homebuyers Loan is a special mortgage crafted for those entering the realm of homeownership for the first time. Unlike government-backed loans, this program offers features that cater to the needs of first-time buyers.

Loan Features:

  1. Flexible Down Payment Options:
    • Enjoy the flexibility of down payments as low as 3%* of the home’s purchase price.
    • Benefit from reduced upfront financial commitments with lower down payment options.

  2. Debt-to-Income Ratio (DTI) Guidelines:
    • Navigate the mortgage process with a DTI ratio typically in the 43% – 45% range.
    • Understand the importance of managing your finances and maintaining a healthy DTI.

  3. Private Mortgage Insurance (PMI) Considerations:
    • Learn about PMI requirements when contributing less than 20% towards the down payment.
    • Take advantage of PMI being cancellable once you reach 20% equity.

  4. Eligible Properties:
    • Finance various property types, including primary residences, with the flexibility to choose the home that suits your needs.


Here’s what you will need to get started with your application:

  • Proof of income and employment (pay stubs, tax returns, W-2 statements, etc.)
  • Documentation of financial assets (bank statements, etc.)
  • Residential history for the previous two years
  • Identity information, including your driver’s license, Social Security card, and date of birth

Start your loan application and secure preapproval here.

For immediate support and answers to your questions, contact us here.

Other Loan Products

Possibility starts here. Get approved for your mortgage
Start your journey to homeownership with confidence! Get approved for your mortgage today and open the door to endless possibilities. Your dream home is just a step away.