The best thing that you can do is to get pre-approved with a reputable lender - FIRST (unless you are paying cash for a home). By being 1st time home buyers, you would qualify for up to $8,000. Once you determine your price range, the amount will be 10% of the sales price. Please remember that you must identify, and get a house under contract on, or before April 30, but, you have until the end of June to close. This is a great time to buy because in addition to the interest rates being low, home prices are great in our Kansas City metropolitan area on the whole - you just can't beat the free money offered through the stimulus package with the tax credit. Good luck!