Thinking about buying a home? We have information that can help! Got questions? Talk to one of our housing counselors!
Need Help?
1. Figure out how much you can afford
What you can afford depends on your income, credit rating, current monthly expenses, downpayment and the interest rate.
Home Economics
Homebuying programs in your state
Talk to a HUD-approved housing counseling agency
2. Know your rights
Fair Housing: Equal Opportunity for All – brochure
Real Estate Settlement Procedures Act (RESPA)
Borrower’s rights
Predatory lending
3. Shop for a loan
Looking for the best mortgage: shop, compare, negotiate – brochure
Let FHA help you
Learn about interest only loans
4. Learn about homebuying programs
Homebuying programs in your state
Let FHA help you (FHA loan programs offer lower downpayments and are a good option for first-time homebuyers!)
HUD’s special homebuying programs
Good Neighbor Next Door (formerly known as Teacher/Officer/Firefighter Next Door)
Homeownership for public housing residents
Indian Home Loan Guarantee Program (Section 184)
5. Shop for a home
Wish list – what features do you want?
Home-shopping checklist? take this list with you when comparing homes
Homes for sale (including HUD homes)
“Fixer-Uppers – home purchase and repair programs
Manufactured (mobile) homes
Shopping for a Home FAQ’s
6. Make an offer
Making an offer
7. Get a home inspection
For Your Protection Get a Home Inspection
8. Shop for homeowners insurance
Homeowners insurance
What is homeowners insurance and why is it important?
9. Sign papers You’re finally ready to go to “settlement” or “closing.” Be sure to read everything before you sign!
Getting ready to close
source:hud.gov