: While a 20% down payment avoids private mortgage insurance (PMI), many programs allow as little as 3% or 3.5% down TruStage, Travelers Insurance . 2. Loan Pre-approval & Professionals
: Sign the final paperwork, pay your remaining closing costs, and receive the keys. This process typically takes 30–60 days after an offer is accepted TruStage. Common Mistakes to Avoid Not shopping around for multiple mortgage lenders Bankrate . guide to buying your first home
: Your agent will help you submit a competitive offer based on local market value. Be prepared for potential negotiations or multiple-offer situations TruStage, Investopedia . 4. Due Diligence & Closing : While a 20% down payment avoids private
: Create a "wish list" (e.g., location, bedrooms, commute time) but be prepared to compromise on some "wants" for your first home TruStage. This process typically takes 30–60 days after an