Foreclosures are down in 2013 compared to the last 5 years or so. However, foreclosed homes continue to exist and home buyers still find them in the housing market for sale. Since these properties often come at a price significantly lower than occupied homes for sale, a lot of home buyers consider them “good deals.” 

First time home buyers have quite a few options when it comes to financing that first house. From no-down payment loans to fixer-upper projects, the needs of a first time buyer vary widely across the board. Depending on your needs and wants, you might have several options from which you can choose. Take a look at  options for first time home buyer loans and see what might work best for you.