Buying

One of the first steps to a successful home-buying journey is determining how much house you can afford. Setting a realistic budget will help you steer clear from overextending yourself financially. In addition, it allows you to make informed decisions about the type of house you should be looking for and in what location.

While every home-buying journey is unique and can vary depending on individual preferences, the housing market, and more, the overall process remains the same. Here are the ten steps to buying a home.

In the housing market, cash is king. However, it isn’t easy for many people to come up with the full purchase price of a home, which is why they turn to a unique solution—paying with cash at first and then getting a mortgage later.

Seller financing, also known as owner financing or purchase-money mortgages, is when the seller manages the mortgage process and finances the purchase. If you are looking to buy a house financed by the seller, here is everything you should know.

FHA loans are a popular choice. They are supported by the U.S. Federal Housing Administration. An FHA loan could easily assist someone in buying their dream home.

The type of loan that you select will depend on your own individual needs. Lenders will also evaluate your employment and credit history before deciding whether or not to grant your loan request. Certain groups, such as teachers, firefighters, first responders, single mothers and military members may be eligible for special loan programs and discounts.