Are there any special programs or incentives available for first-time homebuyers through First Horizon?

First Horizon Home Loans offers several programs and incentives specifically tailored for first-time homebuyers. These initiatives are designed to help individuals navigate the complexities of purchasing their first home while making the process more affordable. One of the notable programs that may be available is the First-Time Homebuyer Loan, which could feature lower down payment requirements compared to traditional loan options. This can be particularly beneficial for those who may not have accumulated significant savings. In addition to lower down payments, First Horizon may also provide assistance with closing costs, as well as access to competitive interest rates. Some local and state programs partnered with lenders like First Horizon might also be available, offering down payment assistance or other types of financial support exclusive to first-time homebuyers. It is important for prospective buyers to explore and understand the specific qualifications and benefits of these programs, as they can vary widely. For the most accurate and up-to-date information regarding special programs and potential incentives, individuals are encouraged to review the current offerings on the official First Horizon website. This will provide essential details about eligibility requirements and application processes for those interested in taking advantage of these first-time homebuyer options.