While 20% is the gold standard to avoid private mortgage insurance (PMI), many first-time programs allow as little as 3% or 3.5% down.
If the inspection and appraisal pass, you’ll head to the finish line. You'll do a "final walkthrough" to ensure the house is in the agreed-upon condition. At the closing meeting, you’ll sign a mountain of paperwork, pay your closing costs and down payment, and finally receive your keys. steps to buying home for first time
Once your offer is accepted, you are "under contract," but the deal isn't done yet. While 20% is the gold standard to avoid
You can change a wall color easily, but you can’t change the layout or the neighborhood. 5. Make an Offer and Negotiate you’ll sign a mountain of paperwork