What Do You Need To Buy Your First Home ⚡

: Aim to keep your total monthly housing costs (principal, interest, taxes, and insurance) under 30% of your gross monthly income to avoid being "house poor". 2. The Paperwork: Get Your Folder Ready

: Generally, the last two years of federal tax returns. what do you need to buy your first home

Before you look at a single listing, you need to know what you can actually afford. : Aim to keep your total monthly housing

: While 20% is the gold standard to avoid Private Mortgage Insurance (PMI) , some loans like FHA allow for as little as 3.5% down . what do you need to buy your first home