First-Time Homebuyer Loan

Buying your first home is a significant milestone—for building the life you want to live and for your finances. We’ll help make your buying journey more affordable and less daunting, in every way.

Take Loan Quiz

Your Dream of Owning a Home Is Within Reach

Apply Now Talk with a Loan Officer

Financing Your First Home with a Zero Down Payment Option

The First-Time Homebuyer Loan program is designed for rural and small-town buyers, offering affordable, accessible options to help you achieve your dream. 

  • More Affordable Options: A Zero down payment option and no private mortgage insurance (PMI) make homeownership within reach. 
  • Generous Loan Limits: Borrow up to $400,000 to find the home that fits your needs. 
  • Flexible Servicing Options: Enjoy benefits like mortgage rate conversion opportunities to keep your payments manageable.*
  • Rural Financing Know-How: With deep rural expertise, we’re ready to guide you through every step of the process. 
Shop First-Time Homebuyer Loans

What Can You Afford?

As a first-time homebuyer, figuring out your budget is one of the first steps you should take. Enter your details and get an estimate of your monthly payment. 

First-Time Buyer Fundamentals

Buying a home is likely one of the largest investments you’ll make. Learn how to navigate your homebuying journey with confidence and understanding. Modules include credit and mortgage fundamentals, budgeting and details about the loans available to first-time buyers.

Prepare with a Free Course

How We Help You Buy Your First Home

  • Experience You Can Count On

    Buying your first home can feel overwhelming, especially in tricky rural markets. We've helped thousands of first-time buyers like you, so we have experience making it simple and stress-free.

  • Home Loans for the Heartland

    We're here for homebuyers in Minnesota, Wisconsin and Illinois. Whether you're looking for loans to buy a cozy house in a small town or a place with wide-open space, we have financing just for you.

  • Your Neighbors, Here to Help

    We live where you live. Small towns and rural communities aren't just where we work-they're home for us too. We're excited to help you take this big step in the place we all love.

  • It’s More Than a Loan

    For us, it's about more than just getting you the keys. We're invested in helping you start a new chapter while building up small towns and rural communities.

Client Story

Branden and Emily Hensel wanted to blend the convenience of town life with a rural feel. With the First-Time Homebuyer program, they found their way home. 

Read Their Story

Navigate the Homebuying Process with Confidence

Buying your first home is a big deal, but you don’t have to figure it out on your own. We’re here to help you every step of the way with tips and guides to make it easier. 

View More Homebuying Guides
  • Man and woman with arms around each other looking at a house

    10 Tips for First-Time Rural Homebuyers

    Get Tips
  • Country hillside with a house and shed surrounded by trees

    What First-Time Builders Should Know About Rural Homes

    Learn More

*(disclaimer) To qualify for Compeer Financial’s First-Time Homebuyer Loan Program, the property and applicant(s) must meet eligibility and underwriting requirements as determined by Compeer Financial. Borrower(s) will be responsible for certain loan and closing costs at signing. This is not a commitment to lend or extend credit. Program terms, requirements and conditions are subject to change without notice. Compeer Financial is an Equal Credit Opportunity Lender and Equal Opportunity Provider and Employer. Mortgage Account Errors, Requests for Information, and Credit Reporting Disputes: If you would like to request information concerning your mortgage account, or if you believe there is an error on your mortgage account or that Compeer Financial has furnished information to a credit reporting agency on any of your account(s) that is not accurate, you will need to send a written statement to us describing in detail the information you are requesting or the information you believe is in error or inaccurate along with your name, address, and account number to Compeer Financial, Attn: RLS Servicing, PO Box 4459, Mankato, MN 56002-4459. NMLS #619731

Take the Next Step

Take Loan Quiz Apply Now Talk with a Loan Officer

Contact Us

Questions? We’re ready to help you achieve your dream of owning rural property, just like we have for over 13,000 families since 1995.

Get in Touch