Planning To Buy Your First Home Apr 2026

Your lender will hire an appraiser to ensure the house is actually worth what you’re paying. If the appraisal comes in low, you may have to cover the "gap" in cash. 7. Closing the Deal

While 20% is the gold standard to avoid private mortgage insurance (PMI), many first-time buyer programs allow for as little as 3% or 3.5% down. planning to buy your first home

As a buyer, a real estate agent is usually free for you (the seller pays their commission). A good agent acts as your scout, negotiator, and therapist. They know the neighborhood "red flags" and can help you craft an offer that stands out. 5. House Hunting and The Offer Your lender will hire an appraiser to ensure