Home Buying FAQ

The down payment depends on the type of loan you use. Some loan programs allow as little as 3–5% down, while others require more. There are also first-time buyer programs and financing options that may allow for lower down payments. The best way to know what applies to you is to start with pre-approval.

Most loan programs require a minimum credit score, but the exact number depends on the loan type and lender. In general, a higher credit score can help you qualify for better financing terms. If you are unsure where you stand, getting pre-approved is the best place to start.

Yes. Getting pre-approved is one of the most important first steps. It helps you understand your budget, makes your offer stronger, and keeps you from wasting time looking at homes that are outside your range.

Closing costs are the fees associated with completing your home purchase. These can include lender fees, title and escrow charges, prepaid taxes, homeowners insurance, and other transaction-related costs. Your lender will help you understand what these look like for your situation.

Closing costs often range from about 2–4% of the purchase price, but the exact amount depends on the loan, the property, and the structure of the deal. In some cases, we can negotiate for the seller to help cover part of those costs.

From the time you start looking to the day you close, the process typically takes anywhere from 30–90 days. This depends on how quickly you find the right home, how competitive the market is, and the type of financing you use.

Yes, and many people do. There are several ways to structure this so the timing works, including contingent offers, rent-backs, and other strategies. The right approach depends on your financial situation and risk tolerance.

Once your offer is accepted, you’ll enter the inspection period and your lender will begin the appraisal and final loan approval process. During this time, we’ll help you navigate inspections, negotiations, and all the steps leading up to closing.

In most cases, yes. A home inspection helps you understand the condition of the home and identify any major issues before closing. It also gives you the opportunity to negotiate repairs or credits if needed.

Competing in a strong market isn’t always about offering the highest price. Terms, timing, earnest money, lender strength, and understanding what matters most to the seller can all make a big difference. We help buyers put together strong offers that are competitive without being reckless.

No. Some homes sell over asking, some sell at asking, and some sell below asking. It depends on the home, the market, the seller’s expectations, and how much competition there is. The list price is only one part of the strategy.

Earnest money is a deposit that shows the seller you are serious about the purchase. The amount varies depending on the price of the home and local market norms. A stronger earnest money deposit can sometimes make an offer more appealing.

Once you are under contract, backing out can have financial consequences depending on the terms of the agreement and the stage of the transaction. That’s why it’s so important to understand the process and make thoughtful decisions before writing an offer.

Avoid making large purchases, changing jobs, opening new credit cards, or anything that could affect your financing. Always talk to your lender before making any big financial decisions during escrow.

In most cases, you’ll receive the keys on closing day after the transaction has officially recorded. We’ll coordinate with escrow and make sure you know exactly when and where to get your keys.

Yes. The final walkthrough is your chance to make sure the home is in the condition you agreed to, that any negotiated repairs are complete, and that nothing unexpected has changed before closing.

After closing, the home is officially yours. You’ll want to transfer utilities, update your address, and start planning your move. And of course, this is when your one-year home warranty coverage begins.