Many people think a first time home buyer is someone who has never owned a home. Actually, a first time home buyer is usually someone who simply hasn't owned a home in the last 3 years! If this is you, you may qualify for special programs both private and government that will assist in many different ways. This is including but not limited to down payment assistance and closing cost. Many people feel they are simply not in the position to purchase a new home when actually they may be very qualified.