You can afford it 

Save, Save, Save! The biggest indicator that you’re ready to buy is that you’ve saved up enough for a down payment. In addition to saving up, having a steady income is a must. Having a great credit score is ideal when buying; remember you want to shoot for the lowest rates possible.   

The average down payment is about 6% however, some lenders will accept down payments as low as 3% depending on your credit score and loan type according toRocket Mortgage. 

You know where you’re going 

You’ve saved up enough for your home and you know where you want to live. Ideally you will be buying your home for the long term, so of course you want to live somewhere you can see yourself growing. Consider this when choosing your floor plan and when choosing your community. Location is just as important as the floor plan. 

Convenience is key. You want to make sure the community you choose is the community you’ll want to stay in. Think about how much time and money you’d save living in a community that’s closer to work, has restaurants, shops and schools all in the area as well. 

You’ve considered your options

No need to rush, it’s a lot of information to know so take your time to consider your options and give yourself time to plan. Your home is an investment and just like with any other investment you have to research and weigh your options. Don’t be afraid to ask questions; there’s no questions too small when it comes to buying a home because the more you know the better 

Get in contact 

Dorsey’s agents are on stand by to answer any questions you may have when it comes to buying your dream home.ContactDorsey today!