Ensure the home is in the agreed-upon condition.
Your score determines your interest rate. Save for a down payment: Aim for 3% to 20% of the price. Budget for closing costs: Expect to pay 2% to 5% in fees.
💡 Avoid making large purchases (like a new car) or changing jobs while you are in the middle of the mortgage process, as this can disqualify your loan. If you'd like to dive deeper into the financial side: Specific price range you're considering City or state where you plan to buy Credit score range (excellent, good, or needs work) first time home buying 101
Focus on the "bones" (roof, HVAC, foundation).
Now for the fun part. Be realistic about what you need versus what you want. Ensure the home is in the agreed-upon condition
They provide the loan and explain your monthly payments.
This letter proves to sellers you are a serious buyer. Phase 2: Building Your Team Budget for closing costs: Expect to pay 2% to 5% in fees
They check for hidden issues like leaks or bad wiring. Phase 3: The House Hunt