Home Buying Questions 💯

Yes, qualified buyers can use USDA or VA loans for zero down payment. II. Choosing the Right Home & Property

A general rule is to keep total housing payments (including taxes and insurance) below 28% of your gross monthly income. home buying questions

Ensure items like security systems or water heaters are not leased. Yes, qualified buyers can use USDA or VA

Serious red flags include structural foundation problems, major water damage, or outdated/faulty electrical wiring. Ensure items like security systems or water heaters

A guideline for financial health: save 3 months of living expenses, have 3 months of mortgage payments in reserve, and thoroughly research 3 properties.

Generally, plan on saving 3% to 20% of the home price for a down payment, plus 2% to 5% of the purchase price for closing costs.

Get pre-approved for a mortgage, then hire a real estate agent.