How to buy your first home ask yourself is it really time for me to buy a home dont buy a home just because everybodys doing it theyre not or because your uncle joe told you that its stupid to throw money away on rent hes wrong toodont buy a home because its a buyers market or just because of low mortgage rates. So you want to buy a home but you dont know where to start dont worry weve got you covered heres a no nonsense guide on how to buy a home for the first time step by step. A first time homebuyer according to the us department of housing and urban development hud is someone who meets any of the following conditions 1 an individual who has not owned a. First time buyer guide whether you have bought a house before or are a first time buyer buying a house is a complex process and there is a lot to consider our guide to buying a house has six sections that you can follow in order to get a comprehensive understanding of the entire process from saving to moving into your new house or if you have bought before but need advice on specific aspects of buying a house just read the section or sections that apply. 10 check for first time homebuyer assistance programs grants one of the benefits of buying your first home is that there are many grants and down payment assistance programs for first time buyersyou can apply for a first time home buyer program by searching on your local city or county website