50+ Resources for First-Time Homebuyers

50+ Resources for First-Time Homebuyers

Homeownership isn’t just the American Dream. It’s one of the best wealth-builders out there.

It’s not the easiest thing to achieve, though. From the down payment to the low supply of housing, there are lots of barriers that make homeownership hard to come by in some areas of the country.

Fortunately, being educated about the process — and planning early — can help make it easier.

Are you thinking of buying your first home? We’ve rounded up all the resources for first-time home buyers you need right here.

Resources for first-time homebuyers

Saving for your down payment

You don’t always have to come up with your down payment all on your own. Friends and family can help, there are tons of down payment assistance programs out there, and you can even use crowdfunding and other strategies to raise the funds.

Try these resources for more information:

Budgeting for your house

Knowing what you can comfortably spend is important not just for buying a home — but for keeping that home for the long haul, too.

Here are some resources for first-time homebuyers to use when setting ahome buying budget:

The home search

Hunting for that dream home is easily the most exciting step in the journey, but it also takes some work. From working with an agent and touring homes to making offers and negotiating fees such as the closing cost, there are a lot of steps along the way.

Use these resources for first-time homebuyers for help:

Applying for a mortgage

The mortgage process is often the most overwhelming part for many homebuyers. Fortunately, a good lender can help ease the stress and guide you on your way to a home loan.

Get in touch with an Embrace Home Loans office in your area or use these helpful resources for first-time homebuyers:

The road to closing

Getting your offer accepted and your mortgage application are only the beginning. Next, your home needs to be inspected, appraised, and clear a title search. Then finally, you’ll close on your loan.

Here are some resources for first-time homebuyers to help you understand this part of the process:

Taking care of your home

Once you’re in the home, you’ll need to decorate it, maintain it, and handle any repairs that may crop up. Here are some resources to help in this department:

Tips just for you and other resources for first-time homebuyers

No two buyers are alike, and sometimes you just need some personalized guidance to help. Try some of the resources below or consider talking to a housing counselor for one-on-one advice.

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By Aly Yale / January 3rd, 2022 / Categories: / Tags:

Aly Yale

Aly J. Yale is a freelance writer focusing on real estate, mortgage, and the housing market. Her work has been featured in Forbes, Bankrate, The Motley Fool, Business Insider, The Balance, and more. Prior to freelancing, she served as an editor and reporter for The Dallas Morning News. She graduated from Texas Christian University's Bob Schieffer College of Communication with a major in radio-TV-film and news-editorial journalism. Connect with her at AlyJYale.com or on Twitter at @AlyJwriter.