To Buying Your First House - Guide

As a buyer, using a real estate agent is generally free to you (the seller usually pays the commission). Look for an agent who specializes in first-time buyers and knows your target neighborhood well. They will guide you through negotiations, paperwork, and scheduling tours. 2. Create Your "Needs" vs. "Wants" List

You will need to provide extensive paperwork to your lender, including: Tax returns and W-2s from the last two years Recent pay stubs Bank statements from the last few months Proof of any other assets or debts 2. Shop Around for Lenders guide to buying your first house

Many first-time buyers believe they need a 20% down payment. While 20% is ideal because it eliminates the need for Private Mortgage Insurance (PMI), many loan programs allow as little as 3% to 5% down. As a buyer, using a real estate agent

These are the fees required to finalize the mortgage, typically ranging from 2% to 5% of the loan amount. You must save for these in addition to your down payment. Shop Around for Lenders Many first-time buyers believe

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As a buyer, using a real estate agent is generally free to you (the seller usually pays the commission). Look for an agent who specializes in first-time buyers and knows your target neighborhood well. They will guide you through negotiations, paperwork, and scheduling tours. 2. Create Your "Needs" vs. "Wants" List

You will need to provide extensive paperwork to your lender, including: Tax returns and W-2s from the last two years Recent pay stubs Bank statements from the last few months Proof of any other assets or debts 2. Shop Around for Lenders

Many first-time buyers believe they need a 20% down payment. While 20% is ideal because it eliminates the need for Private Mortgage Insurance (PMI), many loan programs allow as little as 3% to 5% down.

These are the fees required to finalize the mortgage, typically ranging from 2% to 5% of the loan amount. You must save for these in addition to your down payment.

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