Equity Home Loans

Are there any special (or cheap) home loans for first-time buyers?

I'm not low income, just looking to buy my first home. Are there any options from HUD or whatnot for low-interest loans for first-time buyers? I'm pre-approved for 150,000 and have 30,000 for a down payment saved - but is there anything better since this is my first time? Thanks.

Public Comments

1. America's housing bubble is rolling over. If you are willing to wait 2-5 yrs, you will save a lot of money in my opinion.
2. There are some fabulous FTHB programs out there. Check with local lenders and see what you find. Don't forget to check the whole loan package, get a good faith estimate of closing costs, pre-payment penalty, etc. comparing just interest rate can cost you THOUSANDS of dollars.