As a first-time homebuyer, you are eligible for many programs obtainable by finance companies and the government to buy house. An often-overlooked source for the first-time purchaser is their local county government or municipality. Many counties in the United States suggest incentives for first-time homebuyers. Those incentives comprise of down payment backing and grants – free money for buying a home if you meet their necessities. Additionally, some governments, in conjunction with local finance companies, give reduced interest rates for the first-time buyer. Some finance companies even present comfortable lending standards to facilitate raise your chances of approved to buy homes.