10 Steps to Prepare for Homeownership

  1. Discuss with a loan officer your financial situation so you know how much home you can comfortably afford.
  2. Decide what you are looking for in a home including absolutes and wish list items.
  3. Decide on a part of town that is convenient for your work commute and offers other important items such as lifestyle, schools, shopping, etc.
  4. Look at your down payment options while making sure to leave a cushion so you don't end up "house-poor"..
  5. Check, correct and update your credit report.
  6. Speak with more than one loan officer to assure there is competition for your business.
  7. Start gathering your financial documentation so you're ready to when you find a house and apply for your loan.
  8. Look into downpayment assistance or other options that may be available to help with your purchase.
  9. Budjet all costs associated with being a home owner including property taxes, insurance, maintenance reserves, and any association or special assessment fees, if required.
  10. Select a qualified real estate agent to assist you.

Atlanta Communities