: While a 20% down payment avoids private mortgage insurance (PMI), many programs allow as little as 3% or 3.5% down TruStage, Travelers Insurance . 2. Loan Pre-approval & Professionals
: Review your credit score, as it significantly impacts your mortgage interest rates. A score of at least 620 is typically required for conventional loans, though FHA loans may accept scores as low as 500-580 Yahoo Finance , TruStage . guide to buying your first home
If you want to dive deeper into a specific part of the process, tell me: : While a 20% down payment avoids private
: Find a local expert who understands your target neighborhood and can advocate for you during negotiations Medium . 3. House Hunting & Offers guide to buying your first home