First-time home buyers qualify if they haven't owned a home in the last three years or meet specific criteria. Key steps include determining affordability, shopping lenders, house hunting, selecting a lender, and closing. Benefits include low down payments (as low as 1-3%), credit score flexibility, and assistance programs. Popular loan options are FHA, VA, USDA, HomeReady, and Home Possible. Education courses help buyers prepare for homeownership.
Continue to full article
