Guide To Buying Your First Home • Direct

: Sign the final paperwork, pay your remaining closing costs, and receive the keys. This process typically takes 30–60 days after an offer is accepted TruStage. Common Mistakes to Avoid Not shopping around for multiple mortgage lenders Bankrate .

: A professional inspection identifies potential structural or safety issues (red flags include foundation problems or major water damage) SoFi . An appraisal ensures the home's value matches the sale price for the lender Own Up. guide to buying your first home

Making large purchases (like a new car) or opening new credit accounts before closing, which can jeopardize your loan approval Vision Retirement . : Sign the final paperwork, pay your remaining

: 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 . : Determine a manageable monthly payment rather than