Folks who are new to the home-shopping world need more than just good luck. You should, of course, save all you can for closing costs and a down payment. For further help:

Reconsider what you're looking for in a first home. Find out what you can afford now, and consider buying a starter home that requires a small down payment with the idea of moving up in a few years.

Look into special low- and no-down payment programs like loans guaranteed by the Department of Veterans Affairs (VA) and Federal Housing Administration (FHA). Some areas also have local programs for low- and moderate-income families or first-time buyers, offering lower interest rates or down payments.

Check with parents and relatives for monetary gifts that can go toward a down payment or closing costs. A 20% down payment can dramatically cut monthly costs and eliminate monthly mortgage insurance premiums.

If you can fix up a home that's in poor condition, you increase the value of your investment faster.

Ask us about special combination loans that provide fix-up funds as well as purchase money.

Call on us to research foreclosure properties, housing auctions and other homes available at below-market costs.

Click on "Ask Your Own Question" to the left or call or e-mail us today with questions of your own. We can tell you how much house you can afford, and we can help you get into your first home.