Buying Your First Home
What You Need to Know
The Truth About Buying
Have you decided to buy your first home, but wonder what to do next? You are not alone! With our years of experience, we have discovered many misconceptions around the buying process and what you need to get started. Owning your home may be easier than you think!
Will I Find a Home With
Every Item on My Wish List?
While it is important to know what you are looking for in a home, it is also important to recognize that no one home will likely meet all your wants. At every price point, buyers compromise on something that was on their wish list. Determine what your must-have items are to help guide you in your journey.
Do I Need a 20%
Down Payment?
A popular belief is that you need to have 20% of your purchase price saved to buy a home. We’re happy to tell you that this isn’t true! Incredible loan programs with down payments as little as 3.5% are available.
Is the Down Payment the
Only Upfront Cost?
While the down payment is the largest upfront cost, it is not the only one. Earnest money and closing costs are two other costs to keep in mind. The earnest money is paid when you decide to purchase, typically $1,000, to take your home off the market. Closing costs cover the costs of the closing process, like title fees.