Texas First time home buyer

Establish Your Budget:

-Determine how much you can afford by considering your income, expenses, and debts.

-Use online calculators to estimate monthly mortgage payments and factor in additional cost like property taxes and homeowners insurance.

Understand your credit:

-Understand your credit report and score early in the process.

-A higher score can help you secure a better mortgage rate.

Get Pre-Approved for a mortgage:

Obtain a pre approval to understand your loan options and show sellers that you're a serious buyer.

Save for a down payment and closing cost:

- A down payment is typically a percent of the homes purchase price and differs with FHA/Conventional loans.

- Budget for closing cost, which can include fees for appraisals, inspection and other services.

Research mortgage options:

-Explore and compare different options such as fixed rates and adjustable rates.

-Understand the terms, interest rates and repayment options.