You’llFactor in closing costs (2–5% of the home price) and an emergency maintenance fund (aim for 1–3% of the home's value) so a leaky roof doesn't become a financial crisis. 2. Specialized Assistance Programs
Research neighborhood safety, proximity to childcare, and school districts (even if your kids are young, this affects resale value). single mom buying first home
Lenders look at how much of your monthly income goes toward debt. Aim for your total housing payment to be less than 28–30% of your gross monthly income. You’llFactor in closing costs (2–5% of the home
Many states and cities offer grants or forgivable loans to first-time buyers. Check your local Housing Finance Agency (HFA) website. proximity to childcare