Buying Your First Home 101 Info

Expect to pay 2% to 5% of the loan amount in processing fees.

Keep total monthly housing costs below 30% to 40% of your gross income. buying your first home 101

A higher score earns you much lower interest rates. You can grab free reports from AnnualCreditReport.com . Expect to pay 2% to 5% of the loan amount in processing fees

Down payments range from 3% to 20% of the home price. buying your first home 101

💵 Phase 1: Financial Prep