Free First-Time Homebuyer Guide | Indiana's Top Resource

First-Time Homeowner Guide

First-Time Homebuyer Guide

Step 1: Assess Your Finances

Start by evaluating your financial health. Understand your monthly income, expenses, and how much you can afford for a mortgage. A strong financial foundation will help you make informed decisions and avoid future stress.

Step 2: Save for a Down Payment

Most lenders require a down payment of 3% to 20%. Set up a dedicated savings plan and research programs that may offer down payment assistance. The more you save, the lower your loan amount and monthly payments.

Step 3: Get Pre-Approved

Pre-approval helps you understand your borrowing power and gives you an edge in competitive markets. It also sets clear expectations for your budget before house hunting.

Start Pre-Approval

Step 4: Find Your Dream Home

Work with a trusted real estate agent to find a home that matches your budget and lifestyle. Consider location, property value trends, and potential future expenses like maintenance.