Guide To Buying Your First House -

Your agent will help you decide on an offer price based on recent sales of similar homes (comparables) in the area. You will also propose terms, such as how soon you want to close and which appliances you want to keep. You will put down "earnest money" (usually 1% to 2% of the purchase price) to show good faith. 2. Get a Home Inspection

A score of 740 or higher typically secures the best interest rates. If your score is lower, consider taking a few months to pay down debts and ensure all bills are paid on time. 2. Save for a Down Payment and Closing Costs guide to buying your first house

Best for those with good credit and a steady down payment. Your agent will help you decide on an

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. guide to buying your first house