First-time homebuyers have two main options: the traditional method, which involves saving for a down payment, securing a mortgage, and working with a realtor, or the Habitat for Humanity approach, which requires no down payment and no interest. The traditional route necessitates careful financial assessment, including pre-qualification and pre-approval for a mortgage, while Habitat offers an affordable alternative for eligible families. Both methods require consideration of closing costs and ongoing expenses, but Habitat homes are newly built and energy-efficient.