What You | Need Before Buying A House

: While 20% is the gold standard to avoid Private Mortgage Insurance (PMI) , many loan programs allow for much less. Conventional loans : As low as 3% for first-time buyers. FHA loans : Require as little as 3.5% down.

Before buying a house, you need to ensure you are financially stable, have gathered necessary legal and financial documentation, and have clear expectations for your budget and property needs. 1. Financial Readiness & Savings

: May offer 0% down options for qualifying buyers.

: Review reports from all three bureaus ( Equifax , Experian, and TransUnion) and fix any errors before applying.