First-Time Homebuyers: Your No-Fluff Roadmap

Buying your first home is exciting—let’s make it clarified and doable.

1) Get preapproved (for real).
This clarifies your max budget, monthly payment, and cash-to-close—and makes sellers take you seriously.

2) Budget beyond the mortgage.
Plan for closing costs, escrows (taxes/insurance), maintenance, and—if applicable—HOA dues. Use your Closing Disclosure to verify cash-to-close.

3) Compare loan options & assistance.

• FHA: as low as 3.5% down (credit and guidelines apply).

• USDA: 0% down in eligible areas; income/area limits apply.

• VA: 0% down for eligible veterans/servicemembers; powerful benefits.

• State/local DPA: Grants, forgivable loans, and tax credits may be available.

4) Inspect, don’t guess.
A thorough inspection and strong due-diligence window protect you against expensive surprises.

5) Move-in vs. fixer.
Be honest about your time, budget, and appetite for repairs. Sometimes the “cheaper” home costs more later.

Need a personalized first-time buyer plan (and local DPA list)?
👉 Book here: Booking Link

Sources (copy/paste):

• CFPB closing guide: https://www.consumerfinance.gov/owning-a-home/close/

• CFPB Closing Disclosure explainer: https://www.consumerfinance.gov/owning-a-home/closing-disclosure/

• HUD first-time programs hub: https://www.hud.gov/helping-americans/buying-a-home

• FHA minimum down (HUD): https://www.hud.gov/helping-americans/loans and FAQ: https://answers.hud.gov/FHA/s/article/What-is-the-minimum-down-payment-requirement-for-FHA

• USDA Guaranteed Loan overview: https://www.rd.usda.gov/programs-services/single-family-housing-programs/single-family-housing-guaranteed-loan-program

• VA home loans: https://www.va.gov/housing-assistance/home-loans/ and https://www.benefits.va.gov/homeloans/

• HUD HCV Homeownership (where available): https://www.hud.gov/helping-americans/public-indian-housing-hcv-homeownership