Buying a HomeThinking about buying a home? We have information that can help! Got questions? Talk to one of our housing counselors!
1. Figure out how much you can afford
What you can afford depends on your income, credit rating, current monthly expenses, downpayment and the interest rate.
2. Know your rights
3. Shop for a loan
4. Learn about homebuying programs
- Homebuying programs in your state
- Let FHA help you (FHA loan programs offer lower downpayments and are a good option for first-time homebuyers!)
- HUD’s special homebuying programs
- Good Neighbor Next Door (formerly known as Teacher/Officer/Firefighter Next Door)
- Homeownership for public housing residents
- Indian Home Loan Guarantee Program (Section 184)
5. Shop for a home
- Wish list – what features do you want?
- Home-shopping checklist? take this list with you when comparing homes
- Homes for sale (including HUD homes)
- “Fixer-Uppers – home purchase and repair programs
- Manufactured (mobile) homes
- Shopping for a Home FAQ’s
6. Make an offer
7. Get a home inspection
8. Shop for homeowners insurance
9. Sign papers
You’re finally ready to go to “settlement” or “closing.” Be sure to read everything before you sign!
Published on 2018-08-22 04:00:59
© 2024 Cheryl Clossick — Real Estate One. All Rights Reserved.