Key Steps for First-Time Homebuyers

First-time homebuyers should check their credit score early to understand loan options. Determine affordability by considering upfront costs like down payment and closing fees, plus ongoing expenses such as mortgage, insurance, and taxes. Many down payment options exist, including programs offering 100% financing or grants. Getting prequalified strengthens buying power. Focus on essential home features, use contingencies to protect finances, and seek lender guidance throughout the process.