Stabilize your income and employment. Establish a savings account and reduce your debt. Review your credit report and make corrections or updates. Contact a local Non-Profit Organization if you need assistance.
Attend a Homebuyer Education Class so that you understand the process of buying a home.
Talk to a Lender or Bank to determine how much house you can afford and how much money you may need for a down payment.
Choose a Real Estate Agent and start your home search.
Select an Insurance Agent. They will explain what is covered under your insurance policy.
Select an Inspector, who determines the physical condition of the property.
The lender will select and order the Appraisal, which supports the purchase price of the home.
AFTER YOU CLOSE – If for any reason you are unable to make your mortgage payment, call your loan servicer immediately. They will try to help you when possible, but they cannot help you if you wait it to call them. Non-profit Housing Counseling Agencies offer default counseling to prevent foreclosure and can assist you with available options when your financial condition changes.
