Credit & Qualifying
What help is available for first-time homebuyers?
Updated Jul 1, 2026
The short answer
First-time homebuyers can access low-down-payment loans (conventional 3%, FHA 3.5%), down payment assistance programs from state and local agencies, and homebuyer education courses that are often required to unlock aid. Many programs define "first-time buyer" loosely — commonly anyone who has not owned a home in the past three years — so you may qualify even if you have owned before.
Key points
- Low-down-payment loan options are widely available.
- State and local DPA programs target first-time buyers.
- "First-time" often means no ownership in three years.
- Education courses may be required for assistance.
Where to start
Begin by checking your credit and budget, then browse assistance programs for your state. CandidCost’s directory links to official program pages so you can confirm eligibility directly.
Put this to work
Sources
Every claim above traces to a public government source.