savemorehaven

First Home checklist

16 steps to get ready to buy your first home.

Track your progress with a free accountGet the free First Home Savings Workbook

Getting ready

A year or two out.

  • Decide whether renting or buying fits your plans Guide
  • Add up the true monthly cost of owning Guide
  • Get and check your free credit reports Guide
  • Work out your debt-to-income ratio Guide

The down payment

Every month.

  • Choose a down payment target Guide
  • Keep the fund in an insured savings account Guide
  • Check your state's down payment assistance Guide
  • Understand mortgage insurance and when it ends Guide

The process

When you're close.

  • Get preapproved by more than one lender Guide
  • Budget for closing costs Guide
  • Compare Loan Estimates line by line Guide
  • Take a homebuyer education course Guide

Protect yourself

Before closing.

  • Make your offer contingent on an inspection Guide
  • Confirm wiring instructions by phone Guide
  • Keep an emergency fund after closing Guide
  • Set up a monthly home repair fund Guide