This is the final deep dive into your finances by the lender. Pro tip: Do not make any large purchases (like a new car) or open new credit cards during this time! Phase 5: Closing Day
Don't be afraid to ask for closing cost credits or repairs if the house needs work. Phase 4: Due Diligence Once an offer is accepted, you enter "Escrow." home buying guide pdf
Distinguish between "needs" (3 bedrooms, good school district) and "wants" (granite countertops, hardwood floors). Phase 3: The Search & The Offer This is the final deep dive into your finances by the lender
Before you hit Zillow, you need to know what you can actually afford. Phase 4: Due Diligence Once an offer is
While 20% is the gold standard to avoid Private Mortgage Insurance (PMI), many programs (like FHA) allow for as little as 3.5% or even 0% down.
You'll meet at a title company or attorney's office to sign a mountain of documents and wire your down payment.