If you’re buying a home for the very first time, you may not be sure where to begin. Getting your finances in order is important. You’ll need to have enough money saved to be able to afford your down payment, monthly mortgage payments and monthly home utility bills. This is in addition to your other current expenses. Fortunately, there are several loan programs that can help first time home buyers.

It can take many buyers several weeks, months or years to save enough money to be able to afford a house. Careful budgeting and spending can eventually pay off. Most homeowners take out mortgage loans that require a certain amount of money be paid upfront, although there are several ways to purchase a house and not make a down payment.