How to buy a house: The ultimate guide for first-time home buyers

First-time home buyers in 2026 can qualify by never owning a home or not owning one in the last three years. Key steps include determining affordability, shopping lenders, house hunting, selecting a lender, and closing. Benefits include low down payments (as low as 1-3%), credit score flexibility, and assistance programs. Popular loan options are FHA, VA, USDA, and low-down-payment conventional loans. Education courses may be required. Challenges include rising prices and limited affordable housing.