Buying your first home is a big, exciting milestone—but without the right preparation, it can feel overwhelming real quick.

At Harmony Home Mortgage, we’re all about turning confusion into clarity. That’s why we’ve put together this first-time homebuyer checklist to help you feel ready, informed, and confident before you even start touring homes.

Whether you’re just starting to think about homeownership or you’re actively saving up for that down payment, this step-by-step guide will walk you through exactly what you need to do before you start shopping—so you can move from dreaming to doing with heart and a solid plan.

This guide is made for:

• First-time homebuyers unsure where to start

• Renters ready to take the leap into ownership

• Young professionals looking to grow roots and equity

• Anyone who wants a smoother, stress-free homebuying process

If you’re ready to go from “Maybe someday…” to “This is the year!”—this checklist is for you.

The First-Time Homebuyer Checklist

✅ 1. Review Your Credit Score

Your credit score plays a big role in your mortgage rate and loan options.

• Pull your credit report from all three bureaus
(free annually at annualcreditreport.com).

• Check for errors and dispute anything inaccurate.

• Pay down high balances and avoid opening new accounts.

Ideal Score: 620+ is the minimum for many loans, but 740+ unlocks the best rates.

✅ 2. Set Your Budget

Before you fall in love with a house, know what you can comfortably afford.

• Use the 28/36 rule: Your mortgage should be no more than 28% of your gross monthly income, and total debts no more than 36%.

• Don’t forget taxes, insurance, HOA fees, and maintenance costs.

• Leave room for life—travel, savings, and the occasional splurge.

💡 Pro Tip: Harmony Home Mortgage offers personalized affordability reviews to help you budget realistically—not just optimistically.

✅ 3. Start Saving for Your Down Payment

While 20% down is ideal, it’s not required. There are many loan options available with 3–5% down, and even zero-down programs for qualified buyers.

• Set a monthly savings goal

• Look into first-time buyer assistance programs

• Don’t forget to save for closing costs (typically 2–5% of the purchase price)

✅ 4. Get Pre-Approved

A mortgage pre-approval shows sellers you’re serious and gives you a clear price range to shop in.

• Gather your documents: pay stubs, W-2s, tax returns, bank statements

• Submit a mortgage application with a trusted lender (hint: Harmony can help 😉)

• Discuss loan options and lock in your rate when the time is right

📝 Your pre-approval is typically good for 60–90 days.

✅ 5. Define Your Needs vs. Wants

Every buyer dreams big—but focus on what’s non-negotiable.

• Bedrooms, bathrooms, commute time

• School districts, yard space, garage

• Nice-to-haves: fireplace, pool, walk-in closet

Make a list so you and your realtor are aligned from day one.

✅ 6. Find the Right Real Estate Agent

A good buyer’s agent is worth their weight in gold.

• Ask for referrals from friends or your lender

• Look for agents with local market expertise

• Make sure they’re good communicators who respect your budget and timeline

🤝 Harmony Home Mortgage partners with trusted agents all across the region—we’re happy to connect you!

✅ 7. Understand the Process Ahead

Know what to expect once you start shopping:

• You’ll tour homes, make offers, negotiate terms

• Once your offer is accepted, you’ll go into escrow and begin inspections

• We’ll finalize your loan, handle underwriting, and walk you to the finish line

From start to keys-in-hand, the process usually takes 30–45 days once you’re under contract.

Mistakes to Avoid (Optimization)

Here are a few common first-time buyer missteps—and how to avoid them:

🚫 Don’t skip pre-approval. It can cost you the home in a competitive market.

🚫 Don’t empty your savings. Keep an emergency fund.

🚫 Don’t make big purchases. Buying a car or furniture before closing can derail your mortgage.

🚫 Don’t go it alone. Working with a trusted team can save you time, money, and headaches.

Ready to Start Your Journey?

Buying your first home doesn’t have to feel overwhelming. With the right guidance, smart preparation, and a little heart—you’ll be home in no time.

At Harmony Home Mortgage, we’re here to simplify the process, empower you with knowledge, and walk with you every step of the way. Let’s turn your “someday” into today—with a plan you can trust and a team that’s got your back.

📞 Ready to check off step one?

Contact us today for a free consultation or apply online at www.harmonyhomemtg.com