Spring is here, which means the home buying season is beginning. In a tough real estate market, it's important to be prepared, especially if you're a first-time homebuyer. You may wonder – what do I need to do first? How do I prepare? OHFA can help. Here are a few tips to help make the home buying process a bit easier!
- Understand The Home Buying Process
a. It's important to have an understanding of the home buying process before you enter the market. Click here to watch a video about the basic steps of purchasing a home, including how to secure financing, make an offer, and much more.
- Prepare For A Competitive Housing Market
a. The housing market continues to be competitive, so it is important to have your finances in order before buying a home.
- Find A Real Estate Agent
a. For first-time home buyers, it's important to have a Realtor® help you with the process. Learn more about the assistance a Realtor® can provide and find one in your area on the Ohio Association of Realtors website.
- Get Pre-Approved
a. The mortgage pre-approval process determines how much money you can borrow to purchase a home. Pre-approval lets the seller know you are serious and it may offer an advantage when purchasing a home. You can find an OHFA-approved lender and begin this process by clicking here.
- Utilize First-Time Homebuyer Resources
a. First-Time Homebuyers have opportunities to use programs that make home buying more affordable. At OHFA, we offer down payment assistance, mortgage tax credits, and interest rate discounts to first-time homebuyers. Click here to learn more about our programs.