First-Time Homebuyer Guide

Getting Started

Buying your first home is a significant milestone. Understanding the process beforehand helps reduce stress and leads to better decisions.

Step 1: Check Your Finances

Before you start looking at homes:

• Review your credit report and score
• Calculate your monthly budget for housing
• Gather documents (pay stubs, tax returns, bank statements)
• Save for down payment and closing costs

Step 2: Get Pre-Approved

A pre-approval letter from a lender shows sellers you're a serious buyer. It tells you:

• How much you can borrow
• Your estimated interest rate
• What monthly payment to expect

Step 3: Define What You Want

Think about:

• Location and commute
• Home size and layout
• Must-haves vs. nice-to-haves
• School districts (if applicable)
• Future needs (growing family, work from home)

Step 4: Start Looking

Once you have financing lined up, we can start viewing homes that match your criteria. Take notes and photos - you'll see many homes and they can blur together.

Step 5: Make an Offer

When you find the right home, I'll help you:

• Determine a fair offer price
• Decide on contingencies and terms
• Write a competitive offer
• Negotiate if needed

Step 6: Due Diligence

After your offer is accepted:

• Schedule a home inspection
• Review the inspection report
• Negotiate repairs or credits if needed
• Get a home appraisal (required by lender)
• Complete loan underwriting

Step 7: Close and Move In

At closing:

• Review and sign documents
• Pay closing costs
• Receive your keys

Common First-Time Buyer Questions

How much do I need for a down payment?

It depends on the loan type. Conventional loans may require 3-20%. FHA loans require 3.5%. VA and USDA loans may allow 0% down.

How long does the process take?

Typically 30-60 days from accepted offer to closing, though this varies.

What are closing costs?

Fees for the loan, title insurance, escrow, and other services. Usually 2-5% of the purchase price.

Ready to Get Started?

Reach out and we can discuss your situation, answer questions, and start the process when you're ready.