How To Buy My First Home May 2026

While 20% is the gold standard to avoid private mortgage insurance (PMI), many first-time programs allow as little as 3% or 3.5% down.

Your lender will require an independent value check to ensure the house is worth what you’re paying. 7. Closing Day how to buy my first home

A "pre-qualification" is a guess; a is a commitment. It shows sellers you are a serious, vetted buyer. Shop around with at least three lenders to compare interest rates and loan terms. 3. Find a "Buyer’s Agent" While 20% is the gold standard to avoid