First-Time Homebuyer Checklist
Buying your first home is a 90-day project, not a weekend errand. This checklist walks you through every step in order, from credit cleanup to closing day, so nothing falls through the cracks.
The checklist
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How much money do I really need to buy my first home?
More buyers qualify with less than they think. FHA loans allow 3.5% down, conventional loans go as low as 3%, and down payment assistance programs in many states can cover some or all of the down payment. Closing costs typically run 2–5% of the price, but seller credits and lender credits can reduce what you bring.
Should I get pre-approved before looking at homes?
Yes. Sellers and listing agents expect a pre-approval letter with every offer, and knowing your real budget keeps you from falling in love with homes outside it.
What credit score do first-time buyers need?
FHA loans go down to 580 (3.5% down) and some programs accept lower with more down. Conventional loans generally want 620+. Higher scores unlock better rates and more programs.
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