The most important first step in purchasing your home is finding out what your buying power is. This establishes your expectations, and assures you begin your search as an informed buyer.
The most frequently asked question I receive is, "How much money do I need to buy a house?" The financing you receive determines how much money you need to buy a home.
- For example, an FHA loan would require 3.5% for a down payment.
- Some USDA loan products offer 0% down with down payment assistance for qualified applicants.