Moving is expensive. Between deposits, new furniture, and a dozen “we didn’t think of that” purchases, the first few months in a new home can feel tight. The FHA Home Start Advantage is designed to ease that early stretch without changing your loan long term.
What It Is
With Home Start Advantage, the seller or builder covers the interest portion of your mortgage payment for an agreed period, typically 1 to 6 months. During that time, you pay principal + escrow (taxes/insurance) only. That means smaller early payments while you’re getting settled.
A Quick Example
On a $290,000 purchase at 6.375%, Home Start Advantage could trim roughly $7,500 in interest over the first five months. That’s money you can redirect to furniture, paint, movers, or a rainy-day fund.
Why You'll Love It
- Breathing room early on. Lower payments during the most expensive months of homeownership.
- Same fixed loan. This isn’t a teaser rate—your loan terms stay the same.
- Real savings. Less interest up front = more cash for your priorities.
Stand Out to Sellers
Sellers love options that attract buyers without cutting price. Asking your agent to explore Home Start Advantage can make your offer stand out, especially on new construction where builders often fund incentives.
When This Makes Sense
Home Start Advantage can be a great match for:
- First-time buyers who want a smoother landing
- Move-up buyers juggling overlapping costs
- New-construction buyers (builders commonly participate)
Availability depends on your contract, eligibility, and whether the seller or builder opts in. We’ll map out options for your price point and the current market.
Our team will run your numbers, coordinate with your agent and the seller/builder, and show exactly how much you could save with Home Start Advantage.
Let's Make Your First Months Easier
Contact the Sharpe Mortgage Team at (336) 575-9448 and ask about the FHA Home Start Advantage.
Not a commitment to lend. All loans subject to credit approval and program availability. Seller/builder participation required. Terms may change without notice.
