Im running into a lot of young kids getting fired up trying to buy their first home. Though I write some information regarding the cost to aquire a home with FHA.
Typically young buyers dont have 20% down payment so there only option is to go with an FHA loan. An FHA loan allow the buyer to put 3.5% down payment on a home. For example, someone who is looking to buy a property that cost $100,000 they would only put down $3,500 down payment. Now the down payment is not the only amount of money a buyer needs theres Closing Cost also. Closing Cost is the cost of getting the loan which include, lender fees, points , escrow/ title fees, home insurance, and pre-paids like taxes and interest.
Typical rule of thumb for me when estimating Closing Cost is the following:
if purchase price is between $100,000 to 150,000 closing cost is aroung $6,000- 6,500.
if purchase price is between $155,000 to 180,000 closing cost is aroung $6,800- 7,000.
if purchase price is between $185,000 to 220,000 closing cost is aroung $7,200- 7,400.
if purchase price is between $220,000 to 290,000 closing cost is aroung $7,500- 8,500.
if purchase price is between $300,000 to 350,000 closing cost is aroung $9,000- 10,000.
if purchase price is between $355,000 to 450,000 closing cost is aroung $10,500- 12,000 and so on.
You might be able to get help with closing cost from your lender and the seller, but this will depend on the market, supply and demand, and offers on the table. There are also down payment and closing cost assistance. I will cover later. 
