These are programs tailored specifically for a first time buyer, typically being more lenient on the qualification guidelines and often designed with lower upfront fees (though the interest rate is slightly higher to compensate for this). Also, there are often loan assistance programs offered at the local or state level such as MCC (Mortgage Credit Certificate) which allows you a tax credit for part of your interest payment (as opposed to a deduction) or down payment assistance programs. In California, if you are a state employee, Cal Pers may also loan you your down payment money, making your purchase a no money down deal. Other states may have similar programs.