Steps to buying a house
Buying a house may seem confusing, difficult, and overwhelming. I have created a complete guide full of steps I took in order to purchase my first home. My parents would never Cosign on a credit card, so I had to wait until I was 18 to start building credit. Good credit is everything! Start out just buying gas and small things while making sure the balance is paid when its due. It does not have to be hundreds of dollars. It could be 20 dollars, if it is always paid off every month. After a few months of doing that, I applied at a credit union for my first car loan which was 15,000. This is an easy way to building credit fast!
Talk to your local mortgage lender
You think you’re not ready to buy a house just yet? Go talk to your local mortgage lender. Even if you’re not ready to buy right away, they will tell you exactly what you need to do to in the future. Mortgage lenders look at your loans, income, credit score, and from that give you an amount you would qualify for to purchase a home.
Ask about USDA zero down home loan
USDA offers an amazing program for first time home buyers. You are not required to put down a big down payment, making it easier for the younger generation. For the zero down USDA first time home buyers’ program, you will still need around 5-10k for closing costs. (This varies per purchasing agreement)
Buying a house isn’t for everybody
Success is not buying a house at a young age. While it may feel like a huge accomplishment, it is not for everybody. Busier people who don’t have time to upkeep the lawn or have weekends to do home maintenance, I highly recommend looking for a great rental. It’s an amazing alternative that is easier to work with when you work a lot of hours. Check out my other blog posts for why your first home should be a fixer upper!