Focus On Your Finances

Homeownership is a long-term financial commitment. The first step you should take when considering buying a home is to review your finances to determine what type of mortgage you can afford. A lender will look at your financial resources to help you begin the homebuying process. Good credit and a larger down payment will get you a better deal in the long run.

Before you look for a house, here are some steps you can take to make sure you’re financially ready to be a homeowner:

  • Do an analysis of your current financial situation.
  • Develop a household budget.
  • Get a copy of your credit report to make sure there are no problems.
  • Study how a home purchase will affect your budget. Don’t just look at the mortgage payments – make sure you are also factoring in repairs and maintenance.
  • Determine the amount of cash you have available for the down payment and closing costs – and don’t forget the moving costs!

If you’re ready to take the next step in your journey to homeownership, find out how DSHA can help you get there!

How We Can Help

Housing Counselors

A counselor will help you understand the homebuying process and assist you with anything you don’t understand; some even offer online education programs. Make an appointment with a housing counselor near you today.

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We work with participating lenders who can explain how our mortgage loans, down payment and closing cost loans, and the first-time homebuyer tax credit all work. There are lenders in each county, so find one that’s right for you!

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Realtors are great partners in the homebuying process, and many of them can help you understand DSHA’s programs. Find a Realtor near you.

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