But one of the biggest advantages for first time home buyers is that you can request to speak to an expert who will explain your options and help you find the best coverage open a homeowners policy with policygenius and thats a wrap our first time home buying guide hope its useful do let us know what you think and if there are any . First time home buyers guide to buying your home written by chris dunn feb 26 2021 share this article if youre considering the purchase of your first home you arent alone research shows that first time home buyers make up about 33 of the home purchase market but if you havent undertaken the homebuying process before you might worry about saving enough money for a down payment . Step 1 start gathering a down payment the very first step every first time home buyer should tackle is to figure out their finances buying a new home particularly for the first time requires a. Many first time home buyers believe they have to put 20 percent down on a home but thats far from true in fact the average down payment for first time home buyers is only 6 percent on a