An FHA home loan can make homeownership a possiblility for you. FHA Home Loan can reduce your payments and save you money!
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First-Time Homebuyer's Guide

Most people who apply for an FHA home loan are first-time homebuyers. Follow our step-by-step homebuying guide to make your experience a positive one.

  1. Check your credit report. Before you apply for any major loan, you should always check your credit report first. Order your free credit reports from the credit bureaus and look it over for any errors. Size up your creditworthiness as well and find out your credit score beforehand if you can. Knowing where you stand with your credit history will better prepare you for an FHA home loan.
  2. Choose a good real estate agent. You want to get the best possible house with your FHA home loan, and a good real estate agent can make this happen. Ask friends, colleagues, and family members for recommendations on a real estate broker. Read up on the reputation of the real estate company before committing to an agent.
  3. Find your home. By this step, you should've already figured out what you and your family need from a home. Make a list of what's important in your new home, and then try to find the house that most closely matches your criteria. Consider these things:
    1. Location. Keep in mind what school district your home is in, how close it is to your job, and what kind of a neighborhood surrounds it.
    2. Features & size. Make a list of features you would like your home to have, ideally. Think about how many bedrooms and bathrooms you need, whether you need central A/C, and if you need a garage. Distinguish between your wants and your needs.
  1. Find a lender. The first step to applying for an FHA home loan is to find a lender who will originate an FHA home loan. Remember to comparison shop to find the lowest rates and best terms on your FHA home loan.
  2. Apply and close. Once you find a lender, apply for your FHA Home Loan. The final step is then closing the loan. Be sure to read all the fine print before signing your loan documents during the closing process.