There are several loan types designed specifically for first-time buyers:
Your score heavily influences your mortgage interest rate. Minimum requirements vary by loan type: Conventional: 620 minimum. what to know when buying your first house
580 for a 3.5% down payment; as low as 500 with a 10% down payment. There are several loan types designed specifically for
Before you start browsing listings, you must understand what you can truly afford. what to know when buying your first house
This official document from a lender tells you exactly how much you can borrow, making you a much more serious contender in the eyes of sellers. 2. Choosing the Right Mortgage