First-time home buyers in 2026 can qualify for special benefits if they haven't owned a home in the last three years or meet specific criteria. Key steps include determining affordability, shopping lenders for the best rates and fees, and preparing for closing costs, which range from 2% to 5% of the home price. Programs offer low down payments (as low as 1-3%), credit score flexibility, and assistance with closing costs. FHA, VA, USDA, and low-down-payment loans are popular options. Education courses may be required.
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