INFORMATION
FOR BUYERS
Nine Steps to Buying a Home
Click Each Step for Valuable Information
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0.1 Figure out how much you can afford
0.4 Learn about home buying programs
"The home buying process can seem complicated, but if you take things step-by-step, you will soon be holding the keys to your own home and
0.1
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. The calculators below can help, but it is best to visit a lender to find out for sure.
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Need help with your downpayment and/or closing costs?
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Home buying programs in your state
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A housing counselor can help you figure out how to manage and pay off your debt, and start saving for that downpayment!
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0.2
KNOW YOUR RIGHTS
0.3
SHOP FOR A LOAN
Save money by doing your homework. Talk to several lenders, compare costs and interest rates, negotiate to ge t a better deal. Consider getting pre-approved for a loan.
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0.4
LEARN ABOUT HOME BUYING PROGRAMS
Home buying programs in your state
FHA loan programs offer lower down payments and are a good option for first-time home buyers.
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HUD's special homebuying programs:
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Good Neighbor Next Door Program - for police officers, teachers, firefighters and emergency medical technicians
0.6
MAKE AN OFFER
Discuss the process with your real estate agent. If the seller counters your offer, you may need to negotiate until you both agree to the terms of the sale.
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0.5
SHOP FOR A HOME
Wish list – what features do you want?
Home-shopping checklist – take this list with you when comparing homes
"Fixers-upper" - home purchase and repair programs
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0.7
GET A HOME INSPECTION
Make your offer contingent on a home inspection. An inspection will tell you about the condition of the home, and can help you avoid buying a home that needs major repairs.
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0.8
SHOP FOR HOME OWNERS INSURANCE
Lenders require that you have homeowners insurance. Be sure to shop around.
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0.9
SIGN PAPERS
You're finally ready to go to "settlement" or "closing." Be sure to read everything before you sign!
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Above information taken from the U.S. Department of Housing and Urban Development website
Buyers - Let me help you find the perfect home for you.