There are usually special programs available for first time home buyers, depending upon your location. Grant programs may also be available to assist with a down payment. Make sure you understand if there are any restrictions attached to using one of these first time buyer programs. Some may require you live in the home for a specified period of time. Others may restrict the price at which you may resell the home for later, in order to keep the home “affordable”. Still others may limit the area of town you may purchase a home in, to encourage ownership in low to moderate housing areas. In addition, most first time buyer programs have income limits you may not exceed, in order to qualify. So just be sure you understand all the idiosyncrasies involved. If you have any questions, don’t hesitate to call and get a second opinion. It is too big a decision to enter into with any doubts!