Buying your first home is a major life milestone—exciting, a bit overwhelming, and definitely life-changing. Whether you’re planning to settle down, start a family, or invest in your future, owning a home can be a solid financial move. But where do you begin?

Here’s a step-by-step guide to help you navigate the process of buying your first home with confidence.

1. Assess Your Financial Readiness

Before you even look at homes, take a close look at your finances. Ask yourself:

• How much can I afford?
• What does my credit score look like?
• Do I have enough saved for a down payment and closing costs?

Typically, you’ll need at least 3% to 20% of the home’s purchase price for a down payment, depending on the type of loan. Don’t forget to budget for closing costs, which can add another 2–5% of the home price.

Tip: Use a mortgage calculator to estimate your monthly payments and determine what’s realistic for your budget.

2. Get Pre-Approved for a Mortgage

Getting pre-approved for a mortgage shows sellers you’re a serious buyer and gives you a clear picture of what you can afford. To get pre-approved, you’ll need to provide:

• Proof of income
• Credit history
• Employment verification
• Assets and liabilities

Once pre-approved, your lender will give you a letter indicating the loan amount you qualify for. This step makes you more competitive in the housing market.

3. Identify Your Needs and Wants

Make a list of features you absolutely need in a home versus those that would be nice to have. Consider:

• Location (proximity to work, schools, transportation)
• Number of bedrooms and bathrooms
• Outdoor space
• Parking availability
• Safety and neighborhood vibe

Being clear about your priorities will help you focus your search and avoid wasting time.