Buying your first home can be both exciting and daunting. First-time buyers should consider various mortgage options, including conventional loans with down payments as low as 3%, FHA loans at 3.5%, and VA loans with no down payment. It's essential to budget for down payments, closing costs (2-6% of the loan), and moving expenses. A mortgage preapproval can strengthen your buying position. Research neighborhoods, understand your long-term needs, and consider home inspections to avoid future issues.
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