I am a first time home buyer. Do I qualify for any type of program?

There are all types of programs out there right now for first time homebuyers. If you are looking at purchasing a Fannie Mae foreclosure, you may be able to put a very limited amount down. I tall starts with research and talking with a reputable lender.

Rosie, that all depends on you. Generally, lenders want to know four things about you. 1) How much money you make. Obviously, that speaks to how much you can afford. 2) They want to know how much you owe. As a general rule, lenders think you can have about 40% of your gross income in debt service every month. So, if you make $5,000 a month, you can use %2,000 of that to pay debt. If you owe on a bunch of other stuff(car, furniture, credit cards, etc.), the less you can afford to spend on a house. 3) Lenders want to know how much you have(money, that is). How much money do you have to use for down payment, closing costs, etc. 4) They want to know how good you have been at paying off past debt. This is reflected in your credit score. If you are a "first-time" buyer, there can be lots of programs that work for you. Talk to a reputable lender.