Finance Charge

A finance charge is the total amount of interest and loan charges you would pay over the entire life of the mortgage loan. Read more (cfpb.gov/askcfpb/1921) First-time home buyers (FTHB) loan programs First-time home buyers (FTHB) may use a number of different types of loan programs to purchase their first home. Popular FTHB loans include programs offered by FHA, VA, USDA, Fannie Mae, and Freddie Mac with low down payments. Some programs define a FTHB as someone who hasn’t purchased a home in three years or more. Understand your loan options (cfpb.gov/owning-a-home/loan-options/#anchor_loan-type_361 de536a4b234).