First-Time Homebuyer Guide

Buying your first home can feel overwhelming. Follow this step-by-step checklist to navigate the homebuying process with confidence.

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Step 1

Your credit score directly impacts your mortgage rate. Aim for 740+ for the best rates, though many loan types accept lower scores.

Step 2

Understand how much house you can afford based on your income, debts, and current interest rates.

Step 3

Calculate your full monthly obligation: Principal, Interest, Taxes, and Insurance to avoid surprises.

Step 4

A pre-approval letter from a lender shows sellers you are a serious buyer with verified funds.

Step 5

You typically need 3-20% for a down payment, plus 2-5% of the loan amount for closing costs.

Step 6

Find a trusted real estate agent and start touring homes that fit your budget and lifestyle.