While 20% is the gold standard to avoid private mortgage insurance (PMI), many first-time programs allow for as little as 3% or 3.5% down.
Buying your first home is likely the biggest financial move you’ll ever make. It’s a mix of a major investment and a deeply personal milestone. While the process can feel like a maze of paperwork and jargon, breaking it down into clear stages makes it much more manageable. 1. Get Your Finances House-Ready guide to buying a home first time buyer
Hire a professional to check the bones of the house. If they find a cracked foundation or a failing roof, you can ask the seller to fix it, lower the price, or you can walk away with your deposit intact. While 20% is the gold standard to avoid
To help me tailor a more specific plan for you, could you tell me: What are you looking in? What is your target budget ? While the process can feel like a maze