Did you know of homebuyers in the U S are first-timers Whether you're young starting a family or empty-nesting buying a home is both thrilling and challenging As a first-time buyer you'll find many special programs and benefits These include low-down-payment mortgages tax breaks and help with closing costs Essential Homeownership Guidance for First-Time Buyers In this detailed guide we'll cover the key steps and things to think about We aim to make your journey into homeownership smooth and rewarding Key Takeaways Understanding the definition of a first-time homebuyer and the associated benefits Exploring federal and state-level programs designed to support new homeowners Preparing your finances and credit to secure the best mortgage terms Developing a comprehensive housing budget and timeline for your purchase Navigating the home search mortgage pre-approval and closing process https youtu be f Q PmaIfnU feature shared Understanding First-Time Homebuyer Status and Benefits Starting your journey to own a home is both thrilling and challenging especially for first-timers There are many benefits and financial help for those who qualify Knowing about first-time homebuyer status is key to making the most of the home buying process and finding valuable resources Qualifying as a First-Time Buyer The U S Department of Housing and Urban Development HUD says a first-time homebuyer is someone who hasn't owned a main home in the last three years This rule helps more people buy their first home as it includes those who haven't owned property in three years Federal and State Benefits Available... Login to read full