First-Time Homebuyers
Buying your first home, step by step
What to do first, which loans to look at, and where to find help with the down payment.
01Check your budgetLook at what you can comfortably pay each month, including property taxes, homeowners insurance and any HOA dues. In South Florida, insurance and HOA costs can change the picture a lot.
02Get pre-approvedKam reviews your credit, income and savings, then tells you how much you can borrow and which programs fit. Sellers take pre-approved offers more seriously.
03Choose a loan programFirst-time buyers often compare FHA and conventional loans. Veterans should look at VA, and buyers in eligible areas at USDA.
04Look for down payment helpFlorida Housing and Miami-Dade County run down payment assistance programs for eligible buyers. Kam can tell you which ones you may qualify for.
05Shop and make an offerWork with a real estate agent, stay inside your pre-approved budget and keep Kam in the loop so your financing matches the offer.
06Close on your homeAfter your offer is accepted, the lender orders the appraisal and finishes underwriting. Avoid new debt or job changes until you have the keys.
Programs to consider
Popular first-time buyer loans
FHA
Flexible credit guidelines and small down payment options.
Learn moreConventional
Removable mortgage insurance and HomeReady and Home Possible options.
Learn moreVA
For eligible veterans and service members, with no monthly mortgage insurance.
Learn moreUSDA
For eligible rural and suburban areas, with income limits.
Learn moreReady to see your numbers? Read what to gather before you apply or try the mortgage calculator.
Ready to take the next step?
Let's find the right mortgage solution for you.