First Time Home Buyers

First Time Home Buyers

Thinking about buying a home? HUD.gov, The U.S. Department of Housing & Urban Development is a great resource for First Time Home Buyers, including housing counselors offered free of charge, or at low cost. Call HUD at (800) 569-4287. The following information is from the HUD.gov website:

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.


2. Know your rights
3. Shop for a loan
4. Learn about homebuying programs
5. Shop for a home
6. Make an offer
7. Get a home inspection
8. Shop for homeowners insurance
9. Sign papers
You're finally ready to go to "settlement" or "closing." Be sure to read everything before you sign!