10 Steps Every First-Time Homebuyer Should Know Before Starting the Search

Buying your first home is exciting—but it can also feel overwhelming, especially if you’re not sure where to start. Whether you’re a renter ready to build equity, a military family facing a PCS move, or just starting to explore the idea of homeownership, having a clear roadmap can help reduce stress and increase confidence.

Here are 10 essential steps every first-time homebuyer should know before jumping into the home search:

1. Check Your Credit Score

Your credit score plays a big role in qualifying for a mortgage and securing a favorable interest rate. Most lenders prefer a score of at least 620—though VA loans often allow for more flexibility. In some cases lenders can work with scores as low as a 580; reach out to a mortgage lender for more info.

💡 Military families: VA loans don’t require a minimum credit score by law, but lenders typically want to see 580–620+.

2. Know What You Can Afford

Before you fall in love with a home, make sure it fits your budget. Factor in:

• Mortgage payment

• Property taxes

• Homeowners insurance

• HOA fees (if any)

• Maintenance and utilities

Use a home affordability calculator or connect with a local real estate expert to help run the numbers.

3. Get Pre-Approved for a Mortgage

Getting pre-approved tells sellers you’re serious—and it helps you shop within your means. The process typically involves verifying your income, employment, and credit history.

✅ Pro Tip: If you’re eligible, ask your lender about VA loans for zero-down financing and no private mortgage insurance (PMI).

4. Choose the Right Loan Program

Not all loans are created equal. Common first-time buyer options include:

• VA Loans (for veterans, active-duty, and eligible spouses)

• FHA Loans (low down payment, flexible credit)

• Conventional Loans (for buyers with stronger credit)

• Down Payment Assistance Programs (state or local)

Ask your lender to help you compare all your options.

5. Save for Your Upfront Costs

Many first-time buyers think they need 20% down—but that’s often not the case. VA loans offer $0 down, and other programs require as little as 3%–3.5% down. Don’t forget:

• Earnest money deposit

• Appraisal & inspection fees

• Closing costs (2%–5% of purchase price)

6. Hire a Local Real Estate Agent You Trust

A good agent does more than open doors—they guide you through the process, help you negotiate the best deal, and protect your interests. Bonus if they understand the unique needs of military families or first-time buyers.

🙋‍♀️ Need a Texas-based agent who specializes in VA loans and first-time buyers? Let’s talk.

7. Make a Must-Have List

It’s easy to get distracted during your home search. Create a list of “must-haves” and “nice-to-haves” to stay focused. Consider:

• Location (school zones, commute, base proximity)

• Size & layout

• Yard or outdoor space

• Home condition

8. Start Touring Homes (Online + In Person)

With your agent’s help, begin viewing homes that match your criteria and budget. Many buyers start with virtual tours or online listings—but in-person visits help you truly get a feel for the home and neighborhood.

9. Make an Offer With Confidence

When you find the right home, your agent will help you submit a strong offer. This includes:

• Offer price

• Contingencies (inspection, financing, appraisal)

• Timeline for closing

✍️ Pro Tip: In competitive markets, being pre-approved and flexible with your move-in date can give you an edge.

10. Get Ready for Closing Day

Once your offer is accepted, your agent and lender will guide you through:

• Home inspection

• Appraisal

• Final underwriting

• Closing disclosure

• Signing paperwork

Soon after, you’ll get the keys and officially become a homeowner!

🎉 Ready to Take the First Step?

Whether you're relocating with the military, tired of renting, or simply ready to buy your first home, I’m here to guide you every step of the way. My specialty is helping first-time buyers and military families feel confident, informed, and excited about their purchase.

📩 Let’s connect today and create your custom homebuying game plan.