A simple 90-day preparation framework
Begin by reviewing credit, income documentation, savings, recurring debt, and the payment you can carry comfortably. Speak with more than one qualified lender when practical, because rate, fees, communication, and loan structure all matter. Keep bank activity stable and avoid opening new credit or making large undocumented transfers without discussing them with the lender.
- Weeks 1–2: financing and budget
- Weeks 2–4: neighborhood and home-type research
- Weeks 3–10: showings and offer preparation
- Under contract: inspection, loan, appraisal, title, and closing
Understand the cash categories
The down payment is not the only cash item. Buyers may also pay an earnest money deposit, inspections, appraisal, lender and title charges, prepaid taxes and insurance, and moving costs. Some first-time buyer or down-payment assistance programs may help eligible purchasers, but availability, income limits, occupancy rules, and participating-lender requirements change. Verify the current program directly with an approved housing counselor or lender.
Protect your decision after the offer
Once the contract is accepted, use the inspection period and document review to learn what you are buying. An inspection does not guarantee a perfect home; it identifies visible conditions and helps prioritize questions. HOA and condominium resale packages can contain budgets, rules, insurance information, rental restrictions, pending assessments, and buyer cancellation rights. Read them promptly and ask qualified professionals about issues outside the agent’s expertise.