What Are the First Steps to Buying a House?

Discover the essential steps to buying your first home with this easy-to-follow guide. Learn how to check your finances, set goals, get pre-approved, and find the perfect real estate agent. Don’t miss our FREE webinar for first-time buyers in Fort Worth on January 23rd, 2025!

John Baptiste

1/20/20253 min read

What Are the First Steps to Buying a House?

Buying your first home can feel overwhelming, but with the right help, it can also be exciting! As Fort Worth’s housing market grows, it’s important to know what steps to take. Whether you're joining our FREE First-Time Home Buyers Webinar on Thursday, January 23rd, 2025, at 7:00 PM or just starting your journey, this guide will help you get started.

Step 1: Check Your Finances

Before buying a house, it’s important to make sure your money is in order. Here’s what to look at:

  • Credit Score: This number affects the interest rate on your loan. If you’re going for a conventional loan, you’ll need a score of at least 620. But many first-time buyers use FHA loans, which only need a score of 580 to qualify for a 3.5% down payment.

  • Down Payment Help: Some programs can help you pay less money upfront. Texas has programs that offer grants or loans for first-time buyers.

  • Debt-to-Income Ratio (DTI): This compares your monthly debt to your income. Lenders like it to be 43% or less.

  • Savings: Besides a down payment, you’ll need money for closing costs (about 2-5% of the house price) and emergencies.


Use the Cashback and Keys Rebate Savings Calculator

At Local Realty Agency Mid-Cities, we have a Cashback and Keys Rebate Savings Calculator. It shows how much money you can save when you work with us. This tool helps make home-buying more affordable.

Step 2: Think About Your Home Goals

Ask yourself some simple questions to figure out what you need:

  • What’s Your Budget? How much can you afford each month for your mortgage, insurance, and taxes?

  • What Kind of Home Do You Need? Think about your family size, the location you want, and any special features you’d like.

  • When Do You Want to Buy? Are you ready now, or do you need more time to prepare?


Tip: Join Our Free Webinar

Our Fort Worth First-Time Home Buyers Webinar is a great way to learn from local experts. We’ll talk about loans, the housing market, and how to make buying a home easy.

Step 3: Get Pre-Approved for a Loan

A pre-approval letter from a lender shows sellers you’re serious and helps you know how much you can afford. Here’s how to do it:

  • Gather Documents: You’ll need proof of income, tax returns, bank statements, and ID.

  • Compare Lenders: Look at offers from different lenders to find the best deal.


Why Work With Local Realty Agency Mid-Cities?

John Baptiste, the Owner of Local Realty Agency Mid-Cities, has years of experience helping first-time buyers. His team can connect you with lenders who understand your needs.

Step 4: Find a Real Estate Agent

A good agent makes buying a home easier. They’ll help you find the right house, negotiate offers, and guide you through inspections and closing. At Local Realty Agency Mid-Cities, we give personal attention to first-time buyers to make the process smooth and stress-free.

Step 5: Join Our First-Time Home Buyers Webinar

Want to learn more about buying a home? Join our FREE online webinar made just for Fort Worth first-time buyers:

  • Date: Thursday, January 23rd, 2025

  • Time: 7:00 PM

  • Location: Online

At the webinar, John Baptiste and his team will share tips on getting ready financially, finding the right home, and making the buying process simple.

Conclusion

Taking the first steps to buy a house is easier when you’re prepared. By checking your finances, setting goals, getting pre-approved, and working with professionals, you’ll be on your way to owning your first home. Use our Cashback and Keys Rebate Savings Calculator and join our webinar for extra support.

Start your journey with Local Realty Agency Mid-Cities and make your dream home a reality!

FAQs

1. How do I know if I’m ready to buy a home?
Check your credit score, savings, and monthly debts. Our Cashback and Keys Rebate Savings Calculator can help you plan.

2. What will I learn at the webinar?
You’ll learn about budgeting, loans, and how to avoid common mistakes when buying your first home.

3. Why is pre-approval important?
Pre-approval helps you know your budget and shows sellers you’re serious, which can make your offer stronger.

4. How does the Cashback and Keys Rebate program save me money?
It offers special savings for buyers who work with us. Use our calculator to see how much you can save.

5. How can I get in touch with Local Realty Agency Mid-Cities?
Visit our website or join our webinar to connect with John Baptiste and his team.