First-time homebuyer programs are initiatives designed to assist individuals purchasing their first home. These programs often provide financial aid, such as down payment assistance or lower interest rates, making homeownership more accessible. They may be offered by government agencies, non-profit organizations, or private lenders, and eligibility typically depends on income, credit score, and location. Many states and local governments have specific first-time homebuyer programs tailored to their communities. These programs can include grants, tax credits, or subsidized loans to help reduce the overall cost of buying a home. Participants can benefit from educational resources that guide them through the homebuying process.