Guide To Buying Your First House May 2026

For low-to-moderate-income buyers in eligible rural and suburban areas, also offering zero down payment. Phase 3: The Search and The Team

With your pre-approval letter in hand, you are ready to assemble your team and start looking at houses. 1. Hire a Real Estate Agent guide to buying your first house

Your lender will hire an independent appraiser to ensure the home is actually worth the amount you agreed to pay. Lenders will not lend more than the appraised value of the home. If the appraisal comes in low, you will have to negotiate a lower price with the seller or pay the difference out of pocket. 4. Final Walk-Through and Closing Hire a Real Estate Agent Your lender will

This is the percentage of the home's purchase price you pay upfront. guide to buying your first house

Pull your credit reports from the major bureaus to check for errors.

Your credit score is the single most important factor in determining your mortgage interest rate.