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How To Buy A Home

  1. Save Your Down Payment. Many people believe you need a 20% down payment to buy a home. There are loans available that allow buyers to put down as little as 3% or even 0% with a VA or USDA Loan.
  2. Know Your Credit Score. Your credit score is a numerical representation of your history and ability to pay back debts in the past. Different home loans have different credit requirements.
  3. Find a Real Estate Agent. Once you have a handle on your credit score & down payment savings contact a local agent. Your agent will help you through the process of buying your first home.
  4. Get Pre-Approved. Your agent will have a list of lenders that you can work with to get pre-approved for your mortgage. This will help keep you on a budget during the next step.
  5. Go Home Shopping! Make a list of what you want vs. what you need in your new home. Your agent will use this list to find homes for you to purchase.
  6. Make An Offer. Your agent will help you determine the best price to offer for the home. In a competitive market you may not be the only one bidding and will want to stand out.
  7. Get a Home Inspection. Once your offer is accepted, you will want to do a home inspection to ensure there are not any hidden issues with the home.
  8. Get a Home Appraisal. Your lender will arrange for a home appraisal to ensure that the property is worth the price that you have agreed to pay for it.
  9. Close The Sale. Once your loan is approved, your lender will schedule a closing date. This is the day you sign all your paperwork to complete the purchase and get the keys to your new home!
  10. Move In! Congratulations! You are now a homeowner!