First Time Home Buyer Guide

Your trusted mortgage partner. Helping you find the perfect loan for your home.

First Time Home Buyer Guide

The Complete First-Time Home Buyer's Guide for 2026

1. Assess Your Financial Readiness

2. Get Pre-Approved (Not Just Pre-Qualified)

3. Explore Your Loan Options

4. Find the Right Real Estate Agent

5. Make a Competitive Offer

6. Navigate Inspections and Appraisals

7. Close with Confidence

Ready to Start Your Home Buying Journey?

Frequently Asked Questions

How much do I really need for a down payment?
What credit score do I need?
How long does the process take?

Buying your first home is one of the most exciting—and potentially overwhelming—milestones in life. As someone who's helped hundreds of first-time buyers across Arizona, Florida, Georgia, and Tennessee, I've compiled this comprehensive guide to walk you through every step of the journey.

Before you start browsing listings, take an honest look at your finances. Lenders will evaluate your:

Pre-approval is crucial in today's competitive market. It shows sellers you're serious and gives you a clear budget. During pre-approval, I'll review your income, assets, and credit to determine exactly how much you can borrow.

Pro Tip: Get pre-approved before house hunting. In competitive markets, sellers won't even consider offers without a pre-approval letter.

As your loan officer, I shop multiple lenders to find the best fit for your situation. Options include:

A knowledgeable local agent is invaluable. They'll help you:

In competitive markets, your offer needs to stand out. Strategies include:

Once your offer is accepted, the due diligence period begins:

Closing day is when ownership officially transfers. You'll sign numerous documents, including:

Let guide you through every step with personalized service and competitive rates.

While 20% is traditional, many first-time buyers put down 3-5%. FHA loans require just 3.5%, and VA/USDA loans offer 0% down options.

Conventional loans typically require 620+, FHA loans may accept 580+, and VA loans have no official minimum (though lenders usually want 580-620).

From pre-approval to closing, expect 30-45 days. Cash buyers can close faster, while complex situations may take longer.

Written by

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Mortgage Loan Officer

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First Time Home Buyer Guide | Ashley Shannon | Elevated Lending Co