Home Buying Guide Pdf May 2026

As a buyer, having a Realtor is usually free (the seller pays the commission). They handle the paperwork, negotiations, and scheduling.

While 20% is the gold standard to avoid Private Mortgage Insurance (PMI), many programs (like FHA) allow for as little as 3.5% or even 0% down. home buying guide pdf

A pre-approval letter tells sellers you’re a serious buyer with backed funding. In a competitive market, you can't win without one. Phase 2: Building Your Team As a buyer, having a Realtor is usually

Your bank will send an appraiser to ensure the home is actually worth what you’re paying. A pre-approval letter tells sellers you’re a serious

This is the final deep dive into your finances by the lender. Pro tip: Do not make any large purchases (like a new car) or open new credit cards during this time! Phase 5: Closing Day