What are all mortgages loans for first time buyer? What is the current interest rate on mortgages loan?

Question by shitty: What are all mortgages loans for first time buyer? What is the current interest rate on mortgages loan?
I am looking for some personal experience from the first time buyer.Where is the best place to get mortgages loan?Is there a federal mortgage loan?I am looking to buy in the next few months and I need some one to guide me on loan and everything about housing buying for the first time.

Best answer:

Answer by MadMan
There are no specific loans for first time buyers. There are no federal mortgage loans as such. There are loans backed by the FHA. See the Fannie Mae or Freddie Mac websites for maneuvering to home buying.

What do you think? Answer below!