Buying a Home

Thinking about buying a home? We have information that can help! Got questions? Talk to a housing counselor!

1. Figure out how much you can afford
What you can afford depends on your income, credit rating, current monthly expenses, downpayment and the interest rate.

2. Know your rights

3. Shop for a loan

4. Learn about homebuying programs

Homebuying programs in your state
Let FHA help you (FHA loan programs offer lower downpayments and are a good option for first-time homebuyers!)
HUD’s special homebuying programs
- Good Neighbor Next Door (formerly known as Teacher/Officer/Firefighter Next Door)
- Homeownership for public housing residents
- Indian Home Loan Guarantee Program (Section 184)

5. Shop for a home

Wish list – what features do you want?
Home-shopping checklist? take this list with you when comparing homes
Homes for sale (including HUD homes)
“Fixer-Uppers – home purchase and repair programs
Manufactured (mobile) homes
Shopping for a Home FAQ’s

6. Make an offer

Making an offer

7. Get a home inspection

For Your Protection Get a Home Inspection

8. Shop for homeowners insurance

9. Sign papers
You’re finally ready to go to “settlement” or “closing.” Be sure to read everything before you sign!

Getting ready to close