First-time buyers can purchase with as little as 3–3.5% down (or 0% with some assistance/VA), credit around 620+, and help from CalHFA and down-payment assistance. "First-time" often means no ownership in 3 years.
The essentials
Below are the most common questions. For a free pre-approval and a match to every program you qualify for, a quick call is all it takes.
Frequently asked questions
How much do I need to buy my first home?
As little as 3–3.5% down, and assistance can reduce that further — sometimes to near zero for eligible buyers.
What is down-payment assistance?
Programs (including CalHFA) that help cover your down payment and some closing costs within income limits.
Do I qualify as a first-time buyer?
If you haven’t owned a home in three years, you likely do — even past owners often qualify.
How do I start?
With a free pre-approval. We’ll show your budget and the programs and assistance you’re eligible for.
Save Financial is a California-licensed mortgage brokerage (NMLS #377740, DRE #01875766). Figures are illustrative for 2026 and not an offer of credit.