First-time buyers need flexible down payment options, generous grants and excellent customer service. CNBC Select has chosen ...

Here are the best lenders that offer loan options for first-time homebuyers in May 2025. Benefit from low down payments, grants, and flexible credit requirements.

First-time homebuyers are typically defined as those entering the market who’ve never owned a home. However, anyone who has not owned a home for the last three years also qualifies as a first-timer.