Navigating the Home Buying Process Step by Step
Buying a home can feel overwhelming, especially if it’s your first time or if no one ever showed you how. At B’resheet, we believe every family deserves a clear path to stable housing. That’s why we’ve broken down the home buying process into easy steps—so you can move forward with confidence, clarity, and support.
Step 1: Prepare Your Finances
Know What You Can Afford
Before anything else, look at your monthly income, debts, and savings. A good rule is that your mortgage should be no more than 30% of your monthly income.
Use this Home Affordability Calculator to get an idea of what’s realistic for your budget.
Check and Build Your Credit
Your credit score affects your loan options and interest rates. You can get a free credit report from AnnualCreditReport.com.
Tip: If your score is low, don’t worry. Focus on paying off small debts, paying bills on time, and avoiding new credit cards.
Step 2: Get Pre-Approved for a Mortgage
Getting pre-approved shows sellers you’re serious. A lender will look at your finances and tell you how much they’re willing to lend.
Documents You’ll Need:
- Pay stubs or proof of income
- Tax returns
- Bank statements
- ID and Social Security number
Step 3: Find the Right Home
Make a List of Must-Haves and Nice-to-Haves
Think about location, size, number of rooms, safety, and proximity to work, schools, or transit.
Work with a Trusted Realtor
A good realtor—especially one familiar with first-time buyers—can help you avoid scams, negotiate well, and find programs to help you save.
Step 4: Make an Offer and Negotiate
Once you find a home, your realtor will help you make an offer. Don’t be afraid to negotiate. You can ask the seller to:
- Lower the price
- Pay for closing costs
- Make certain repairs
Step 5: Get a Home Inspection
A home inspection checks for problems you can’t see—like mold, old plumbing, or roof damage. It can save you thousands later.
Step 6: Finalize Your Mortgage and Close
After your offer is accepted, your lender finalizes the loan. You’ll:
- Review and sign documents
- Pay your down payment and closing costs
- Get the keys to your new home!
Did You Know? Many programs, such as HUD’s First-Time Homebuyer Programs, can lower your down payment or help with associated costs.
Take the First Step with B’resheet
At B’resheet, we’re here to walk with you through every step of the home buying process. Whether you need a financial coach, help understanding loan options, or referrals to trusted realtors, we’re here.
👉 Contact us today for a free homeownership consultation
📥 Download our Home Buying Checklist
🔍 Learn more about estate planning basics and building generational wealth
Frequently Asked Questions
How long does it take to buy a home?
On average, it takes 30–60 days from the offer to closing, depending on your loan and the speed of inspections.
Do I need 20% down to buy a home?
No! Many first-time buyer programs let you buy with as little as 3–5% down. Some even offer zero-down loans.
What are closing costs?
These are fees for services like the appraisal, title check, and legal paperwork. Expect to pay 2–5% of the home price.
Can I buy a home with bad credit?
Yes—some programs are made for buyers with low credit. You may pay a higher interest rate, but it’s still possible.
What’s the first step I should take before buying a home?
Start by reviewing your finances and getting pre-approved for a mortgage.
Is it better to rent or buy?
Buying builds long-term equity. If you plan to stay for 5+ years and can afford the costs, buying may be a better option.
Can I buy a home if I have student loan debt?
Yes—lenders will look at your debt-to-income ratio, but student loans don’t automatically disqualify you.
Are there grants for first-time buyers?
Yes! Many local and national programs offer grants. Check https://www.grants.gov/learn-grants/grant-making-agencies/u-s-department-of-housing-and-urban-development-hud for options in your area.