In today's market, buying a home for the first time is difficult. Even though it is a "buyer's market" we would argue that it is harder to buy a home now than in a "seller's" market. In a rising market, credit becomes easy. Financing was secured by many people with very little down. Today most first time homebuyers are told that they need at least 10% down, perfect credit scores and an income level that supports their debt load. Most qualified first time homebuyers have the latter two items, with the down payment serving as an impediment.

If you are in that category, many states offer first time homebuyer programs that make owning a home possible in today's market. In fact this might be the only source. Therefore we are introducing a new section in Best Pick Home Loans especially for First Time Homebuyers. We will have information for each state that offers a first time home buyer program with links to its website. Typically the programs work in conjuction with lenders who originate the loans subject to the state's lending criteria. By choosing to work with a lender who can work with the state's program you are certain to get a very competitive product that just might enable you to get into a house in this "Buyer's Market".

Alabama: http://www.bestpickhomeloans.com/Alabama-First-Time-Home-Buyer-Programs