Find someone who specializes in first-time buyers.
Look into First-Time Home Buyer (FTHB) programs for down payment assistance. how to prepare for first time home buying
Buying your first home is a marathon, not a sprint. Preparation prevents "buyer's remorse" and ensures you don't overextend your finances. 💰 Phase 1: Financial Housekeeping Before looking at houses, you must look at your data. Find someone who specializes in first-time buyers
Take photos and notes; homes start to blend together. Preparation prevents "buyer's remorse" and ensures you don't
Aim for a score of 620+; 740+ gets the best rates. Audit your debt: Calculate your Debt-to-Income (DTI) ratio. Save for "Hidden" costs: You Down payment: 3% to 20% of the price. Closing costs: 2% to 5% of the loan amount. Moving fund: Professional movers or truck rentals.
Explain the pros and cons of different (FHA vs. Conventional).