Steps To Buying A Home Apr 2026

: Budget an additional 2% to 5% of the purchase price for legal fees, appraisals, and inspections. Phase 2: Building Your Team & Pre-Approval

Buying a home is a complex multi-stage journey. This guide breaks down the essential steps from initial financial preparation to receiving your keys, based on current industry standards and expert recommendations from sources like the U.S. Department of Housing and Urban Development (HUD) and National Association of REALTORS® (NAR) . steps to buying a home

: While 20% is the "gold standard" to avoid Private Mortgage Insurance (PMI), many first-time buyers qualify with as little as 3% to 3.5% down through programs like FHA. : Budget an additional 2% to 5% of