text: Lower costs due at closing - that's about it.\n\nIf you have any money to put down, even as little as 2.25%, you can probably find a better deal.\n\nAsk lenders about first time home buyer programs if this is your first home.  Feel free to call as many lenders as you can to ask questions.  Do not release your social security number until you feel comfortable.  It is not necessary for a lender to pull your credit to give you information.