Guide To Buying Your First Home May 2026

: Create a "wish list" (e.g., location, bedrooms, commute time) but be prepared to compromise on some "wants" for your first home TruStage.

: Determine a manageable monthly payment rather than just the maximum amount a bank will approve YouTube . Generally, housing costs should be roughly 25%–30% of your gross income Fannie Mae . guide to buying your first home

: Most lenders require proof of homeowners insurance before closing Own Up. : Create a "wish list" (e

Do you have (e.g., credit score or down payment size)? : Create a "wish list" (e.g.

are you currently in (e.g., saving, searching, or making an offer)? What geographic area are you targeting?