Top 10 Things Every First-Time Homebuyer Should Know & Do

Know Your Credit Score

Your credit score affects your ability to get a mortgage and the interest rate you’ll pay. Check your score early and address any issues.

Understand What You Can Afford

Get a clear picture of how much home you can afford. Factor in not just the mortgage, but also insurance, taxes, and maintenance.

Build Your Savings

You'll need money for a down payment, closing costs, moving expenses, and an emergency fund for future home repairs.

Get Pre-Approved, Not Just Pre-Qualified

A pre-approval shows sellers you’re a serious buyer and helps you move faster when you find the right home.

Learn About Loan Options

Compare different types of mortgage loans (FHA, conventional, VA, USDA) to find the best fit for your needs and financial situation.

Know the Importance of Location

Think beyond the house. Consider neighborhood, schools, amenities, commute, and future resale value.

Budget for Closing Costs

These are often 2-5% of your home’s purchase price. Plan for them so you’re not caught off guard at closing.

Don’t Skip the Home Inspection

An inspection can uncover potential problems before you buy, saving you from costly surprises down the road.

Avoid New Debt During the Process

Hold off on major purchases or opening new credit accounts until after you close, this can affect your loan approval.

Educate Yourself & Ask Questions

Attend homebuyer workshops, read trusted resources, and lean on experts (realtors, lenders, counselors). Knowledge is power in this process.