First-Time Homebuyer Guide: "Can I Afford to Buy a Home?"

🏡 Top Concern: Affordability

Many first-time buyers feel overwhelmed by:

• Saving for a down payment
  
  
• Qualifying for a mortgage
  
  
• Managing monthly costs (mortgage, taxes, insurance, HOA)
  
  
• Handling surprise repairs or maintenance
  
  

✅ The Remedy: Education + Preparation + Support

1. Know Your Numbers

• Get pre-approved to find your true budget range
  
  
• Ask your lender for a breakdown of:
• Monthly payment (including taxes & insurance)
  
  
• Estimated closing costs
  
  
• Minimum down payment required
  
  

2. Explore Buyer Programs

• Low-down-payment loans: FHA (3.5%), Conventional (3%), VA (0% for veterans)
  
  
• Down Payment Assistance:
• State & city programs may offer grants or second loans
  
  
• Often available to first-time buyers with moderate income
  
  

3. Plan for Ownership Costs

• Set aside 1% of the home’s value per year for maintenance
  
  
• Budget for moving costs, utilities, and basic furnishings
  
  
• Ask your agent for a "total cost of ownership" estimate upfront
  
  

4. Work with the Right Team

• Real Estate Agent: Protects your interests and negotiates on your behalf
  
  
• Lender: Helps you compare loan options and find the best fit
  
  
• Home Inspector: Ensures the home doesn’t come with costly surprises
  
  

📎 BONUS: Rent vs. Buy Snapshot

*For qualified buyers, with current rates and average taxes. Ask for a personalized estimate.

📘 Next Step: Schedule a 15-minute buyer consultation
We’ll break down your numbers, find local incentives, and map out the steps to homeownership—pressure-free.