Here are 10 steps that every first-time buyer should follow.

Are you a first-time homebuyer? Are you feeling overwhelmed and unsure of where to start? Joe Jamieson, a mortgage professional from Advantage Mortgage in Florida, is joining us today to outline the ten steps to help guide you through the process.

1. Be ready to commit to a loan. Before starting the process, ensure that you have three months in reserves and plan to stay in the house for four years or longer.

2. Get pre-approved. This is an essential step to help you work within your budget.

3. Maintain your credit score. Don't make any major purchases before closing on your home.

4. Save for your down payment. The higher the down payment, the less Private Mortgage Insurance (PMI) you have to pay.

5. Understand your loan options. There are several loan options available, including conventional, FHA, USDA, VA, and down payment assistance loans.

“Make sure you explore your options and plan ahead.”

6. Plan for closing costs. Make sure you have enough savings for closing costs and a down payment.

7. List your needs. Compare properties based on your needs and wants to find the home that's best for you.

8. Work with great agents. Find an agent with a great reputation who can back you up in your offers.

9. Hire an inspector. Have a professional inspect the home to ensure that there are no major issues.

10. Stick to your budget. Create a budget and make sure you're financially stable before investing in a home.

The most important takeaway is to plan ahead and explore all your options. Don't hesitate to reach out to us for assistance throughout the buying process. Remember, your dream home is within reach. If you have any questions, contact us by phone or email any time.