What is the smartest way to buy your first home?

I’ve purchased eight homes so far and helped thousands finance their home purchases. From my own personal experience and professional view point the smartest way to buy your first home comes down to these three things.

The smartest way to buy your first home is save enough for a minimal down payment, have a three month emergency fund and plan to own the home for a minimum of five years.

BUT...financial gurus will disagree suggesting you should be debt free, put 20% down and have 12 months of savings.

For most people that is unrealistic!

I bought my first home at 19 with an FHA mortgage, down payment assistance and seller paid closing costs!

That resulted in a situation that could have been a disaster financially, so not the path I would recommend.

But I have NO REGRETS!

READ THE FULL BLOG POST:

Purchasing Your FIRST HOME? ☝️🏡
Check out our Your Way Home Program! Everything you need to buy your first home in the next 12 months.

Making a MOVE? 🚚🏡
Don't make the mistake of simply dumping your home equity into your next home as a down payment. There are likely better options to help you maximize the benefits of your equity through proper planning.

Prefer to talk to someone about your situation and learn how we can help you?
📱 Call or Text: [phone]

Wynn & Eagan Team at NEO Home Loans
Mortgage Advisors
NMLS Scott: 274886 | Marla: 284160 | Joe: 300672