: Aim for a score of 620+ for conventional loans; higher scores generally secure more favorable interest rates. Save for Upfront Costs :
: While 20% is traditional, first-time buyers in 2025 put down a median of just 9% . Programs like FHA loans may allow as little as 3.5% . how to prepare to buy your first home
To prepare for buying your first home, you should focus on three core areas: stabilizing your finances, assembling a professional team, and defining your lifestyle needs . Experts recommend beginning this preparation before you intend to purchase. 1. Financial Readiness : Aim for a score of 620+ for
: Rather than relying solely on what a bank will approve, calculate a monthly payment that is realistic for your current income and expenses. assembling a professional team