FHB stands for "First Home Buyer," a term commonly used to describe individuals or families purchasing their first residential property. This group often seeks financial assistance, such as government grants or incentives, to help make homeownership more accessible. FHBs typically face challenges like saving for a deposit and navigating the real estate market. In many countries, including Australia and Canada, various programs exist to support FHBs. These may include tax benefits, lower interest rates, or special loan options designed to ease the financial burden. Understanding these resources can significantly impact a first-time buyer's experience in the housing market.