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FIRST-TIME HOMEBUYERS #1 | / U.S. Department of Housing and Urban Development (HUD)



Buying a home is exciting, but it can also be overwhelming. It doesn’t have to be. Your HUD-approved housing counseling agency can be available every step of the way, with information and answers regarding every step in the purchase of your first home. Consulting with your housing counselor, you’ll have the knowledge – and confidence – to help you make the right moves on your way to that big move.

Sharpen Your Financial Focus, Roll and Moulton (2016)
2 Urban Institute

The Road to Responsible, Sustainable Homeownership

You don’t have to go it alone. Your HUD-approved housing counselor provides experienced, impartial support on every aspect of the homebuying process – free or low cost!


Contact Your Local HUD-Approved Housing Counseling Agency

Your closest HUD-approved housing counseling agency is a call or click away.


Determine How Much You Can Afford

Find out if you’re ready to buy a new home now, or what you need to do to get there.
– Get a close look at your financial picture
– Understand your credit score and how to improve it
– Create a realistic budget that takes into account the costs of owning a home


Prepare for Purchase

There’s a lot to know and a lot to prepare for – but knowledge is power! Your HUD-approved housing counselor will take you through it step by step. You’ll soon understand how to make the mortgage process work for you.
– Different types of mortgages
– Mortgage terms you need to know
– The difference between prequalification and pre-approval
– Home appraisals
– Applying for a loan
– Understanding down payments


Shopping for Your New Home

This is the fun part! But before you go on open houses, you need to know what to shop for. You’ve got a lot of choices to make, and a lot to take into consideration here.
– Target price range
– Location of your home
– What type of home is best for you
– Weighing needs vs. wants


The Keys to a Successful Closing

This is what you’ve been waiting for – but there’s a lot to do before you sign on the dotted line. Your HUD-approved housing counselor will make sure you’re totally prepared for the big day.
– What to expect at closing
– All necessary documents and paperwork
– Paying the down payment and closing costs


Thinking About Buying a New Home?


Thinking About Buying a New Home? HUD Can Help!

Discover the steps in the homebuying process – and why your first step should be to consult with a HUD-certified housing counselor.


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