My advice to anyone looking at their first home purchase is to start saving. I would recommend that all buyers try to secure a conventional loan. They are easier to get and have fewer restrictions.
I ran into a problem last month with a buyer who wanted a foreclosure but had an FHA loan. The lending prohibited him from buying the house while any repairs were needed. The bank would not do any repairs before the sale. A normal FHA loan wouldn't work for him. When he tried switching to a FHA 203k loan, the new lender denied him the financing. If he had the savings to put down a payment with a conventional loan, he would be living in a new house right now instead of renting still.