Buying Primary Residence

[Frank Lo]

Hello BP

Looking to buy our first home as a primary residence.

I see “first-time home buyer incentives” such as low down payment loans.

I am new at real estate, so this seems counterintuitive to me.

I think it is better to pay a higher down payment, which would equate to lower interest paid to the lender?

Lower down payment doesn’t seem like much of an incentive to me if you can afford 20%.

Are there other incentives for first-time home buyers that actually benefit an investors mindset?