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Overview
Basic Finance
How Credit Affects You
Preparing for Homeownership
Steps for Buying a Home
Life as a Homeowner






 
Steps for Buying a Home

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Shopping for a home This section describes the first steps involved in buying a home, including: getting prequalified and preapproved; determining your wants and needs; selecting your real estate professional and/or attorney; and making an offer. Descriptions of common contingencies and inspections you can request are also included.

Getting the loan This section explains the loan approval process and the various documents and professionals involved in purchasing a home. Different types of required and optional insurance are described, along with recommendations for what to do if your loan application is not approved.

Closing the loan This section provides a description of the final step in the home buying process: the closing, or settlement. The process differs depending on where you live, but the outcome is the same — you become a homeowner. Lists of closing documents and typical costs are included for your convenience.


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