Dream Plan Own

FIDELITY HOME GROUP SEMINARS Get your certification certificate for $1000 towards the closing costs of your next home purchase.

Assess Your Financial Situation

• Understanding Credit Score: A good score can get you better mortgage rates.
• Set a Budget: Consider your current income, debt, and monthly expenses.
• Save for a Down Payment: Many lenders require at least 3-5% of the home’s price as a down payment, though more can reduce mortgage costs.
• Prepare for Other Costs: Factor in closing costs (2-5% of the home’s price), property taxes, home insurance, and maintenance.

Understand Mortgage Options

• Fixed-Rate vs. Adjustable-Rate Mortgages: Fixed rates stay the same, while adjustable rates might start low but can change over time.
• Government Programs: First-time buyers might qualify for FHA, VA, or USDA loans with lower down payments or special benefits.
• Get Pre-Approved: A mortgage pre-approval shows sellers you’re serious and gives you a better idea of what you can afford.

Find a Knowledgeable Real Estate Agent

An agent who knows the area and specializes in first-time buyers can be a huge asset, helping you navigate paperwork and find properties that fit your criteria.