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Buying your first home involves balancing your long-term budget with immediate upfront costs. Key financial rules like keeping housing costs below 28% of your gross monthly income can help ensure stability. 🏦 Financing & Mortgage Options

: Most popular; requires a 620+ credit score and as little as 3% down for first-time buyers.

: Ideal for lower credit (580+) or smaller down payments (3.5%); however, these require permanent mortgage insurance (PMI).

: Zero down payment options for eligible veterans or buyers in designated rural/suburban areas.

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Things To Know When Buying First Home Apr 2026

Buying your first home involves balancing your long-term budget with immediate upfront costs. Key financial rules like keeping housing costs below 28% of your gross monthly income can help ensure stability. 🏦 Financing & Mortgage Options

: Most popular; requires a 620+ credit score and as little as 3% down for first-time buyers. things to know when buying first home

: Ideal for lower credit (580+) or smaller down payments (3.5%); however, these require permanent mortgage insurance (PMI). Buying your first home involves balancing your long-term

: Zero down payment options for eligible veterans or buyers in designated rural/suburban areas. things to know when buying first home