Guide To Buying Your First House -

Many first-time buyers believe they need a 20% down payment. While 20% is ideal because it eliminates the need for Private Mortgage Insurance (PMI), many loan programs allow as little as 3% to 5% down.

Granite countertops, a pool, a specific paint color, smart home upgrades. 3. Go House Hunting guide to buying your first house

You will need to provide extensive paperwork to your lender, including: Tax returns and W-2s from the last two years Recent pay stubs Bank statements from the last few months Proof of any other assets or debts 2. Shop Around for Lenders Many first-time buyers believe they need a 20% down payment

Lenders like to see that you will have some money left in the bank after closing to cover emergencies or immediate repairs. 3. Determine Your Budget a specific paint color