Buying your first home can be a daunting process, but the Federal Housing Administration (FHA) offers a mortgage program designed to assist first-time homebuyers. An FHA mortgage provides more flexible qualification criteria and lower down payment requirements than conventional loans. To qualify, borrowers must have a steady income, a good credit score (above 580), and a manageable debt-to-income ratio. With an FHA mortgage, the down payment is typically 3.5% of the sale price and may require mortgage insurance premiums (MIP). Financial preparation and finding the right property are key elements of the process.