{"id":104084,"date":"2025-07-30T09:47:44","date_gmt":"2025-07-30T16:47:44","guid":{"rendered":"https:\/\/www.redfin.com\/blog\/?p=104084"},"modified":"2025-10-31T09:38:41","modified_gmt":"2025-10-31T16:38:41","slug":"23-common-first-time-homebuyer-questions-your-questions-answered","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/blog\/common-first-time-homebuyer-questions\/","title":{"rendered":"23 Common First-Time Homebuyer Questions: Your Questions Answered"},"content":{"rendered":"\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Buying your first home is an exciting milestone, from browsing listings on Redfin and touring open houses to imagining life in your new space. But the buying process also raises plenty of questions, and that\u2019s totally normal. If you\u2019re wondering what to expect, you\u2019re not alone.<\/span><\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">We\u2019ll walk through some of the most common first-time homebuyer questions. Whether you\u2019re looking for a <\/span><a href=\"https:\/\/www.redfin.com\/city\/9406\/CT\/Hartford\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">home in Hartford, CT<\/span><\/a><span style=\"font-weight: 400;\"> or <\/span><a href=\"https:\/\/www.redfin.com\/city\/13136\/NJ\/Newark\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">Newark, NJ<\/span><\/a><span style=\"font-weight: 400;\">, this guide will equip you with all the answers you need. Let\u2019s get started.<\/span><\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" width=\"945\" height=\"630\" class=\"wp-image-104086\" src=\"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/07\/shutterstock_305311778-945x630.jpg\" alt=\"A blue two-story house\" srcset=\"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/07\/shutterstock_305311778-945x630.jpg 945w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/07\/shutterstock_305311778-300x200.jpg 300w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/07\/shutterstock_305311778-1024x683.jpg 1024w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/07\/shutterstock_305311778-768x512.jpg 768w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/07\/shutterstock_305311778-1536x1024.jpg 1536w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/07\/shutterstock_305311778.jpg 1800w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/07\/shutterstock_305311778-225x150.jpg 225w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/07\/shutterstock_305311778-450x300.jpg 450w\" sizes=\"(max-width: 945px) 100vw, 945px\" \/><\/figure>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">In this article:<\/span><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><a href=\"#h-getting-started-are-you-ready-to-buy-a-home\"><span style=\"font-weight: 400;\">Understanding if you\u2019re ready to buy a home<\/span><\/a><\/li>\r\n\r\n\r\n\r\n<li><a href=\"#h-budgeting-for-your-first-home-how-much-can-you-afford\"><span style=\"font-weight: 400;\">Budgeting for your first home<\/span><\/a><\/li>\r\n\r\n\r\n\r\n<li><a href=\"#h-finding-the-right-mortgage-what-s-the-right-choice-for-you\"><span style=\"font-weight: 400;\">Finding the right mortgage<\/span><\/a><\/li>\r\n\r\n\r\n\r\n<li><a href=\"#h-the-homebuying-process-steps-to-expect-along-the-way\"><span style=\"font-weight: 400;\">Navigating the homebuying process<\/span><\/a><\/li>\r\n\r\n\r\n\r\n<li><a href=\"#h-life-as-a-homeowner-what-comes-next\"><span style=\"font-weight: 400;\">What comes next?<\/span><\/a><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h2 id=\"h-getting-started-are-you-ready-to-buy-a-home\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\"><strong>Getting started:<\/strong> Are you ready to buy a home?<\/span><\/h2>\r\n\r\n\r\n\r\n<h3 id=\"h-1-what-is-a-first-time-homebuyer\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">1. What is a first-time homebuyer?<\/span><\/h3>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Generally, <\/span><b>a first-time homebuyer is someone who hasn\u2019t owned a primary residence in the past three years<\/b><span style=\"font-weight: 400;\">. You can also be considered a first-time buyer if:<\/span><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><span style=\"font-weight: 400;\">You\u2019ve shared ownership of a house with a spouse in the past, but are now buying solo.<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">You\u2019ve been renting or living with family.<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">You haven\u2019t held a mortgage in three years.<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">You\u2019re buying in a designated redevelopment area, where certain programs have less strict rules.<\/span><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h3 id=\"h-2-am-i-ready-to-purchase-a-home\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">2. Am I ready to purchase a home?<\/span><\/h3>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">If you\u2019re wondering if you\u2019re <\/span><a href=\"https:\/\/www.redfin.com\/blog\/am-i-ready-to-buy-a-house\/\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">ready to buy a house<\/span><\/a><span style=\"font-weight: 400;\">, consider these three factors:<\/span><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><b>Financial stability:<\/b><span style=\"font-weight: 400;\"> If you have a low credit score, lots of debt, and not enough funds to cover a down payment and closing costs, you may want to wait to buy a home.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Job security:<\/b><span style=\"font-weight: 400;\"> Stable employment and income are key indicators for lenders when qualifying for a mortgage.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Future plans:<\/b><span style=\"font-weight: 400;\"> It might not be a good time to buy a home if you plan on moving in two years or less.<\/span><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h3 id=\"h-3-how-long-should-i-plan-on-living-in-this-house\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">3. How long should I plan on living in this house?<\/span><\/h3>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">While there\u2019s no golden rule for how long you should plan to live in your first home, it\u2019s ideal to stay at least several years. This way, you\u2019ll have a chance to build equity. The longer you own your home, the more equity you\u2019ll build, leading to greater financial return when you decide to <\/span><a href=\"https:\/\/www.redfin.com\/why-sell\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">sell your home<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><b><i>&gt;&gt; Read: <\/i><\/b><a href=\"https:\/\/www.redfin.com\/blog\/how-long-should-you-live-in-a-house-before-selling\/\" data-wpel-link=\"exclude\"><b><i>How Long Should You Live in a House Before Selling?<\/i><\/b><\/a><\/p>\r\n\r\n\r\n\r\n<h3 id=\"h-4-when-is-it-a-good-time-to-buy-a-house\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">4. When is it a good time to buy a house?<\/span><\/h3>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Ultimately, it\u2019s a good time to buy a home when you\u2019re ready for it. Your financial readiness and long-term goals are both great factors to think about. On top of that, it\u2019s also smart to check your local <\/span><a href=\"https:\/\/www.redfin.com\/us-housing-market\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">housing market<\/span><\/a><span style=\"font-weight: 400;\"> trends and mortgage interest rates.\u00a0<\/span><span style=\"font-weight: 400;\">Speak with a real estate agent to help determine if you\u2019re in a good position to begin the homebuying process.<\/span><\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><b><i>&gt;&gt;See: <\/i><\/b><a href=\"https:\/\/www.redfin.com\/blog\/is-now-a-good-time-to-buy-a-house\/\" data-wpel-link=\"exclude\"><b><i>Is Now a Good Time to Buy a House?<\/i><\/b><\/a><\/p>\r\n\r\n\r\n\r\n<h2 id=\"h-budgeting-for-your-first-home-how-much-can-you-afford\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\"><strong>Budgeting for your first home:<\/strong> How much can you afford?<\/span><\/h2>\r\n\r\n\r\n\r\n<h3 id=\"h-5-how-much-money-do-i-need-to-buy-a-house\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">5. How much money do I need to buy a house?<\/span><\/h3>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Most homebuyers will need to think ahead about the following costs when estimating how much money is needed to purchase a home:<\/span><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><b>Down payment:<\/b><span style=\"font-weight: 400;\"> The down payment is a percentage of the home\u2019s purchase price, anywhere from 0% to 20% depending on your loan. For example, a 10% down payment on a $500,000 home would be $50,000.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Closing costs:<\/b><span style=\"font-weight: 400;\"> Typically 2-5% of the home\u2019s purchase price. It covers a variety of fees like lender and title fees, property taxes, home inspection, and homeowners insurance, to name a few.\u00a0<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Moving expenses: <\/b><span style=\"font-weight: 400;\">These can include hiring movers, transportation, and purchasing packing supplies.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Emergency fund:<\/b><span style=\"font-weight: 400;\"> It\u2019s wise to have 3-6 months\u2019 worth of living expenses for unexpected costs.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Ongoing costs:<\/b><span style=\"font-weight: 400;\"> Beyond your mortgage payment, be prepared for ongoing expenses such as property taxes, utilities, maintenance, and homeowners insurance.<\/span><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h3 id=\"h-6-how-much-house-can-i-afford\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">6. How much house can I afford?<\/span><\/h3>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">On the same topic, it\u2019s important to know <\/span><a href=\"https:\/\/www.redfin.com\/how-much-house-can-i-afford\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">how much house you can afford<\/span><\/a><span style=\"font-weight: 400;\">. You can estimate affordability with your current income and down payment. Make sure to also account for closing costs, insurance, and additional fees.<\/span><\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">You\u2019ll also want to consider your <\/span><a href=\"https:\/\/www.redfin.com\/guides\/buy\/calculate-debt-to-income-ratio\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">debt-to-income (DTI) ratio<\/span><\/a><span style=\"font-weight: 400;\">, which is a primary concern for lenders. This measures your debt payments each month in relation to your gross monthly income. While some lenders allow a DTI up to 43% or higher, they typically follow the 28\/36 rule: You should allocate no more than 28% of your monthly income on housing, and no more than 36% on debt payments.<\/span><\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><b><i>&gt;&gt; Discover: <\/i><\/b><a href=\"https:\/\/www.redfin.com\/blog\/what-percentage-of-your-income-should-go-toward-your-mortgage\/\" data-wpel-link=\"exclude\"><b><i>What Percentage of Your Income Should Go Toward Your Mortgage?<\/i><\/b><\/a><\/p>\r\n\r\n\r\n\r\n<h3 id=\"h-7-what-credit-score-is-needed-to-buy-a-home\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">7. What credit score is needed to buy a home?<\/span><\/h3>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">While it\u2019s beneficial to have a great credit score, there are loans that cater to buyers with lower ones. It\u2019s important to note, however, that your credit score influences your interest rate and loan options. Here are the minimum credit scores needed to qualify for certain loans:<\/span><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><b>Conventional loans: <\/b><span style=\"font-weight: 400;\">620-660<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Jumbo loans:<\/b><span style=\"font-weight: 400;\"> 700<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>FHA loans:<\/b><span style=\"font-weight: 400;\"> 500-580<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>VA loans:<\/b><span style=\"font-weight: 400;\"> no requirement<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>USDA loans:<\/b><span style=\"font-weight: 400;\"> typically 620, but can be lower<\/span><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h3 id=\"h-8-how-much-is-a-down-payment-on-a-house\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">8. How much is a down payment on a house?<\/span><\/h3>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">A common <a href=\"https:\/\/www.redfin.com\/blog\/home-buying-myths\/\" data-wpel-link=\"exclude\">home buying myth<\/a> is that you need a 20% down payment in order to buy a house. While putting 20% down is beneficial, it\u2019s not required. Several loan options, such as FHA or VA loans, only require a down payment of 3.5% or 5%. Keep in mind that there may be additional costs associated with a down payment under 20%, like paying for <\/span><a href=\"https:\/\/www.redfin.com\/blog\/what-is-pmi-insurance\/\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">private mortgage insurance (PMI)<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\r\n\r\n\r\n\r\n<h3 id=\"h-9-can-i-buy-a-house-with-no-down-payment\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">9. Can I buy a house with no down payment?<\/span><\/h3>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">The short answer is yes. You can <\/span><a href=\"https:\/\/www.redfin.com\/blog\/how-to-buy-a-house-with-no-money-down\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">buy a home with no down payment<\/span><\/a><span style=\"font-weight: 400;\">. There are two loans available that allow you to buy a home with zero down:\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><a href=\"https:\/\/www.benefits.va.gov\/homeloans\/\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\"><b>VA loans<\/b><\/a> <span style=\"font-weight: 400;\">offer no-down payment loans for active-duty service members, veterans, qualifying spouses, and current or past members of the National Guard or Reserve, and other beneficiaries who meet the criteria.<\/span><\/li>\r\n\r\n\r\n\r\n<li><a href=\"https:\/\/eligibility.sc.egov.usda.gov\/\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\"><b>USDA loans<\/b><\/a><span style=\"font-weight: 400;\">, backed by the U.S. Department of Agriculture, offer zero-down payment mortgages for qualifying homebuyers purchasing in specific rural or suburban areas.<\/span><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">If you don\u2019t qualify for one of these programs, there are plenty of low-down payment loan options and <\/span><a href=\"https:\/\/www.redfin.com\/blog\/down-payment-assistance-programs\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">down payment assistance programs<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\r\n\r\n\r\n\r\n<h3 id=\"h-10-what-are-the-closing-costs\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">10. What are the closing costs?<\/span><\/h3>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.redfin.com\/blog\/what-are-closing-costs\/\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">Closing costs<\/span><\/a><span style=\"font-weight: 400;\"> encompass a variety of fees associated with finalizing a home purchase. These typically include:<\/span><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><span style=\"font-weight: 400;\">An<\/span><b> appraisal fee<\/b><span style=\"font-weight: 400;\"> to assess the home&#8217;s value<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Title fees<\/b><span style=\"font-weight: 400;\"> for searches and insurance<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Lender fees<\/b><span style=\"font-weight: 400;\"> for processing the loan<\/span><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Other common expenses can include legal fees, recording fees, prepaid property taxes, or homeowner&#8217;s insurance. In general, closing costs range from 2% to 5% of the loan amount, though this can vary depending on the location and services required.<\/span><\/p>\r\n\r\n\r\n\r\n<h3 id=\"h-11-what-are-the-ongoing-costs-of-homeownership-to-consider\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">11. What are the ongoing costs of homeownership to consider?<\/span><\/h3>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Once you become a homeowner, there are a few recurring costs to keep in mind. Beyond your monthly mortgage payment, you\u2019ll be responsible for property taxes, homeowner\u2019s insurance, and HOA fees (if applicable). For everyday essentials, you\u2019ll also need to budget for utilities, regular maintenance, and occasional repairs.<\/span><\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" width=\"945\" height=\"630\" class=\"wp-image-104088\" src=\"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/07\/GettyImages-1328126375-945x630.jpg\" alt=\"A woman viewing home documents\" srcset=\"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/07\/GettyImages-1328126375-945x630.jpg 945w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/07\/GettyImages-1328126375-300x200.jpg 300w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/07\/GettyImages-1328126375-1024x683.jpg 1024w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/07\/GettyImages-1328126375-768x512.jpg 768w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/07\/GettyImages-1328126375-225x150.jpg 225w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/07\/GettyImages-1328126375-450x300.jpg 450w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/07\/GettyImages-1328126375.jpg 1200w\" sizes=\"(max-width: 945px) 100vw, 945px\" \/><\/figure>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">&nbsp;<\/p>\r\n\r\n\r\n\r\n<h2 id=\"h-finding-the-right-mortgage-what-s-the-right-choice-for-you\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\"><strong>Finding the right mortgage:<\/strong> What\u2019s the right choice for you?<\/span><\/h2>\r\n\r\n\r\n\r\n<h3 id=\"h-12-what-is-the-right-type-of-mortgage-for-a-first-time-buyer\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">12. What is the right type of mortgage for a first-time buyer?<\/span><\/h3>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">With thousands of mortgage loan products available, it\u2019s a good idea to shop around for your best fit as a first-time buyer. Your lender will likely have several options for you based on your credit score and the amount you want to borrow.<\/span><\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">The most common types of mortgage loans are conventional, FHA, jumbo, VA, and USDA loans. Below is a table of these loans and what they offer:<\/span><\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">\n<table id=\"tablepress-131\" class=\"tablepress tablepress-id-131\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Loan type<\/th><th class=\"column-2\">Down payment<\/th><th class=\"column-3\">Credit score<\/th><th class=\"column-4\">Best for<\/th><th class=\"column-5\">Key notes<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Conventional<\/td><td class=\"column-2\">As low as 3%<\/td><td class=\"column-3\">620+<\/td><td class=\"column-4\">Buyers with good credit and steady income<\/td><td class=\"column-5\">Offers both fixed and adjustable rates<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">FHA<\/td><td class=\"column-2\">3.5% (with 580+ credit score), 10% (with 500-579)<\/td><td class=\"column-3\">500+<\/td><td class=\"column-4\">Buyers with limited credit scores or savings<\/td><td class=\"column-5\">Requires Mortgage Insurance Premium (MIP) for life of loan in most cases<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Jumbo<\/td><td class=\"column-2\">5-10% (varies)<\/td><td class=\"column-3\">700+<\/td><td class=\"column-4\">Buyers looking at homes exceeding conventional loan limits<\/td><td class=\"column-5\">Loan amounts exceed standard conforming limits (currently $766,550 in most areas)<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">USDA<\/td><td class=\"column-2\">0%<\/td><td class=\"column-3\">620+<\/td><td class=\"column-4\">Buyers looking to purchase in a suburban or rural area<\/td><td class=\"column-5\">Property must be in a <a href=\"https:\/\/www.neighborsbank.com\/usda-loans\/property-eligibility-map\/\" target=\"_blank\" data-wpel-link=\"external\" rel=\"external noopener noreferrer\">USDA-designated area<\/a>, and income limits apply<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">VA<\/td><td class=\"column-2\">0%<\/td><td class=\"column-3\">No specific requirement<\/td><td class=\"column-4\">Eligible veterans, service members, and family members<\/td><td class=\"column-5\">No Private Mortgage Insurance (PMI) is required, but a VA funding fee typically applies<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/span><\/p>\r\n\r\n\r\n\r\n<h3 id=\"h-13-how-does-the-mortgage-term-affect-the-monthly-payment\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">13. How does the mortgage term affect the monthly payment?<\/span><\/h3>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">The mortgage term directly affects your monthly payment by spreading the loan amount over a shorter or longer period. A shorter mortgage term will result in a higher monthly payment since you\u2019ll be paying off the principal balance faster. However, you\u2019ll pay significantly less interest over the life of the loan.<\/span><\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">With a longer mortgage term, you\u2019ll have a lower monthly payment because the principal is stretched over more years. This will be more affordable month-to-month, but you will pay significantly more interest over the life of the loan.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<h3 id=\"h-14-what-s-the-difference-between-a-15-and-30-year-mortgage\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">14. What\u2019s the difference between a 15 and 30-year mortgage?<\/span><\/h3>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">With conventional mortgages, you\u2019ll generally have the option of a 15 or 30-year mortgage.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><b>A 15-year mortgage<\/b><span style=\"font-weight: 400;\"> means you\u2019ll pay off the loan in 15 years, but you\u2019ll have higher monthly mortgage payments and a lower interest.\u00a0<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>A 30-year mortgage<\/b><span style=\"font-weight: 400;\"> allows you to pay off the mortgage over 30 years, which means you\u2019ll have a lower monthly payment. However, you\u2019ll pay more interest over the years.<\/span><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">For example, if you have a $300,000 loan at 6% interest, a 15-year mortgage would have a monthly payment of around $2,532 with $159,760 in total interest. In contrast, a 30-year term would be about $1799 per month, but cost about $347,756 in total interest.<\/span><\/p>\r\n\r\n\r\n\r\n<h3 id=\"h-15-what-s-the-difference-between-a-fixed-rate-mortgage-and-adjustable-rate-mortgage\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">15. What\u2019s the difference between a fixed-rate mortgage and adjustable-rate mortgage?<\/span><\/h3>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">When choosing a mortgage, you\u2019ll need to decide between a fixed-rate mortgage or an adjustable-rate mortgage (ARM). Here\u2019s what you need to know about each:<\/span><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><a href=\"https:\/\/www.redfin.com\/definition\/fixed-rate-mortgage\" data-wpel-link=\"exclude\"><b>Fixed-rate mortgage<\/b><\/a><b>:<\/b><span style=\"font-weight: 400;\"> The interest rate remains constant throughout the entire loan term. Your mortgage rate will not change, regardless of market rates rising or falling.\u00a0<\/span><\/li>\r\n\r\n\r\n\r\n<li><a href=\"https:\/\/www.redfin.com\/definition\/adjustable-rate-mortgage\" data-wpel-link=\"exclude\"><b>Adjustable-rate mortgages<\/b><\/a><b> (ARM):<\/b><span style=\"font-weight: 400;\"> The interest rate changes at specified intervals during your loan. For instance, a 30-year loan with a 5\/1 ARM means you\u2019ll pay a fixed rate for the first 5 years, but after that, your interest rate will change every year for the remainder of the loan. It&#8217;s important to note that with an ARM, your rate could increase or decrease.<\/span><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">A fixed-rate mortgage is often best if you plan to stay in your home long term and want predictable payments. An ARM may make sense if you anticipate moving or refinancing within a few years and wish for a lower initial rate.<\/span><\/p>\r\n\r\n\r\n\r\n<h3 id=\"h-16-how-do-i-get-the-best-mortgage-rates\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">16. How do I get the best mortgage rates?<\/span><\/h3>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Scoring a great <\/span><a href=\"https:\/\/www.redfin.com\/todays-mortgage-rates\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">mortgage rate<\/span><\/a><span style=\"font-weight: 400;\"> can save you thousands over the life of your loan. Here are some tried-and-true ways to get the best rate possible:<\/span><\/p>\r\n\r\n\r\n\r\n<ol class=\"wp-block-list\">\r\n<li><b>Shop around:<\/b><span style=\"font-weight: 400;\"> Compare offers from multiple lenders to find the best rate and terms.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Consider different loan types:<\/b><span style=\"font-weight: 400;\"> Explore your options like fixed-rate, adjustable-rate, FHA, and VA loans to find your best fit.\u00a0<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Boost your credit score:<\/b><span style=\"font-weight: 400;\"> A higher credit score shows lenders you\u2019re a low-risk borrower, which often leads to better rates.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Increase your down payment:<\/b><span style=\"font-weight: 400;\"> The more you can put down upfront, the lower the risk for the lender.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Lower your debt-to-income ratio:<\/b><span style=\"font-weight: 400;\"> Paying down existing debt can improve your financial profile, helping you qualify for lower interest rates.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Lock in rates:<\/b><span style=\"font-weight: 400;\"> Once you\u2019ve found a good rate, lock it in to protect yourself from market fluctuations.<\/span><\/li>\r\n<\/ol>\r\n\r\n\r\n\r\n<h3 id=\"h-17-should-i-get-pre-qualified-or-pre-approved-for-a-mortgage\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">17. Should I get pre-qualified or pre-approved for a mortgage?<\/span><\/h3>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">If you\u2019re considering buying a home, you\u2019ve likely heard of getting pre-qualified or pre-approved. These terms are often used interchangeably, but carry different meanings.<\/span><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><b>Pre-qualification:<\/b><span style=\"font-weight: 400;\"> An informal lender evaluation of your finances, estimating affordability. Useful for early homebuyers to assess if financial improvements or higher down payment savings are needed.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Pre-approval:<\/b><span style=\"font-weight: 400;\"> An official document from a mortgage lender detailing the loan amount they&#8217;ll offer for a home purchase. Lenders determine this amount by assessing income, assets, debts, and credit history. It\u2019s highly recommended for serious homebuyers, especially in competitive markets.<\/span><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><b><i>&gt;&gt; Read: <\/i><\/b><a href=\"https:\/\/www.redfin.com\/blog\/prequalified-vs-preapproved\" data-wpel-link=\"exclude\"><b><i>Pre-qualified vs. Pre-approved: What\u2019s the Difference?<\/i><\/b><\/a><\/p>\r\n\r\n\r\n\r\n<h3 id=\"h-18-what-documents-do-i-need-to-get-a-mortgage\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">18. What documents do I need to get a mortgage?<\/span><\/h3>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">While the exact list may vary slightly by lender and loan type, you\u2019ll typically need to provide the following documents:<\/span><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><b>Proof of identity:<\/b><span style=\"font-weight: 400;\"> Valid photo ID (such as a driver\u2019s license or passport) and social security card<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Income and employment:<\/b><span style=\"font-weight: 400;\"> Recent pay stub, W-2 forms, tax returns, profit and loss statements (if self-employed), and proof of other income (i.e. social security or pension)<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Asset statements:<\/b><span style=\"font-weight: 400;\"> Bank statements, investment account statements, or retirement account statements<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Debt:<\/b><span style=\"font-weight: 400;\"> Documentation of existing debt (such as student loans and credit cards)<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Additional documentation<\/b><span style=\"font-weight: 400;\"> (if applicable): Gift letter (if someone is helping with your down payment), rental history, or divorce decrees<\/span><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" width=\"945\" height=\"630\" class=\"wp-image-103717\" src=\"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/07\/shutterstock_1273188094-945x630.jpg\" alt=\"Man touring a modern home with a real estate agent, discussing house hunting tips for evaluating layout and space.\" srcset=\"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/07\/shutterstock_1273188094-945x630.jpg 945w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/07\/shutterstock_1273188094-300x200.jpg 300w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/07\/shutterstock_1273188094-1024x683.jpg 1024w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/07\/shutterstock_1273188094-768x512.jpg 768w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/07\/shutterstock_1273188094-1536x1024.jpg 1536w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/07\/shutterstock_1273188094-scaled.jpg 1800w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/07\/shutterstock_1273188094-225x150.jpg 225w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/07\/shutterstock_1273188094-450x300.jpg 450w\" sizes=\"(max-width: 945px) 100vw, 945px\" \/><\/figure>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">&nbsp;<\/p>\r\n\r\n\r\n\r\n<h2 id=\"h-the-homebuying-process-steps-to-expect-along-the-way\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\"><strong>The homebuying process:<\/strong> Steps to expect along the way<\/span><\/h2>\r\n\r\n\r\n\r\n<h3 id=\"h-19-what-happens-during-the-homebuying-process\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">19. What happens during the homebuying process?<\/span><\/h3>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">The homebuying process involves several steps but can differ slightly depending on whether you buy a home with a mortgage or with all cash. To put it simply, these are the steps:<\/span><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><b>Get pre-approved for a mortgage:<\/b><span style=\"font-weight: 400;\"> Apply with multiple lenders to compare loan terms and select one for your mortgage.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Find a real estate agent:<\/b><span style=\"font-weight: 400;\"> Search for a trusted agent who understands the local housing market, can answer your questions, and can help you make a competitive offer when you\u2019ve found the right home.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Start your search and tour homes:<\/b><span style=\"font-weight: 400;\"> Define your priorities, <\/span><a href=\"https:\/\/www.redfin.com\/\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">explore listings<\/span><\/a><span style=\"font-weight: 400;\">, and start touring homes.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Make an offer:<\/b><span style=\"font-weight: 400;\"> Once you\u2019ve found a home that meets your needs, you\u2019ll want to make an offer quickly. Your agent will help you draft a formal offer letter that includes your name, address, price, any contingencies, earnest money deposit, and a deadline for them to respond.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Secure your mortgage:<\/b><span style=\"font-weight: 400;\"> After your offer is accepted and you have the purchase agreement, you will need to apply for a mortgage. Remember, a pre-approval isn\u2019t the same as officially getting a mortgage.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Underwriting:<\/b><span style=\"font-weight: 400;\"> After you apply for a mortgage, the lender will assess your finances and application to determine your eligibility for a loan.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Have a home inspection:<\/b><span style=\"font-weight: 400;\"> A home inspector will walk through the property and report any issues. Afterwards, you can negotiate with the seller to cover repair costs for any major problems.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Prepare for closing:<\/b><span style=\"font-weight: 400;\"> Review your closing disclosure (provided by your lender) for errors and prepare funds for closing costs. Schedule a final walkthrough of the property. On closing day, bring your ID, proof of funds, and the closing disclosure.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Get the keys:<\/b><span style=\"font-weight: 400;\"> Once the funds have been exchanged and all documents signed, the title will be in your name. You can usually expect to get the keys to the home after 5 p.m. on the closing date.<\/span><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><b><i>Read&gt;&gt;<\/i><\/b><a href=\"https:\/\/www.redfin.com\/blog\/home-buying-process-timeline\/\" data-wpel-link=\"exclude\"><b><i>Homebuying Process Timeline: 17 Steps Every Buyer Should Know<\/i><\/b><\/a><\/p>\r\n\r\n\r\n\r\n<h3 id=\"h-20-how-long-does-the-homebuying-process-typically-take\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">20. How long does the homebuying process typically take?<\/span><\/h3>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">The homebuying process can vary, but in general, it takes about six months from start to finish.<\/span><\/p>\r\n\r\n\r\n\r\n<h3 id=\"h-21-do-i-need-a-real-estate-agent\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">21. Do I need a real estate agent?<\/span><\/h3>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Working with a <\/span><a href=\"https:\/\/www.redfin.com\/real-estate-agents\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">real estate agent<\/span><\/a><span style=\"font-weight: 400;\"> is highly recommended for first-time homebuyers. An agent will be your advocate and guide you through each step of the homebuying process. With expert knowledge of the local market, access to a wider range of listings, skillful negotiation on your behalf, and assistance with paperwork and closing procedures, they can give your peace of mind throughout the homebuying journey.<\/span><\/p>\r\n\r\n\r\n\r\n<h3 id=\"h-22-what-are-some-common-first-time-homebuyer-mistakes-to-avoid\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">22. What are some common first-time homebuyer mistakes to avoid?<\/span><\/h3>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><b>Avoid overspending <\/b><span style=\"font-weight: 400;\">by sticking to your budget and factoring in all associated costs like closing costs, property taxes, and insurance.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Don\u2019t neglect maintenance <\/b><span style=\"font-weight: 400;\">and perform regular upkeep to avoid costly repairs down the line.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Build an emergency fund<\/b><span style=\"font-weight: 400;\"> for unexpected home costs or income changes. Aim to save for at least 3-6 months of living expenses.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Don\u2019t skip the home inspection<\/b><span style=\"font-weight: 400;\"> to uncover hidden issues before you buy.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Research the neighborhood<\/b><span style=\"font-weight: 400;\"> by looking at schools, crime rates, amenities, and future development plans.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Understand the mortgage process<\/b><span style=\"font-weight: 400;\"> by researching different loan types, interest rates, and terms before committing.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Consider hidden costs <\/b><span style=\"font-weight: 400;\">of home buying including property taxes, homeowner&#8217;s insurance, HOA fees, and potential utility increases.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Don\u2019t make emotional decisions <\/b><span style=\"font-weight: 400;\">by remaining objective and not letting emotions cloud your judgment.<\/span><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><b><i>&gt;&gt; Read: <\/i><\/b><a href=\"https:\/\/www.redfin.com\/blog\/first-time-homebuyer-mistakes-to-avoid\/\" data-wpel-link=\"exclude\"><b><i>17 First-Time Homebuyer Mistakes to Consider and How to Avoid Them<\/i><\/b><\/a><\/p>\r\n\r\n\r\n\r\n<h2 id=\"h-life-as-a-homeowner-what-comes-next\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\"><strong>Life as a homeowner:<\/strong> What comes next?<\/span><\/h2>\r\n\r\n\r\n\r\n<h3 id=\"h-23-what-should-i-do-right-after-closing-on-my-new-home\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">23. What should I do right after closing on my new home?<\/span><\/h3>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">After closing on your new home, make sure to change the locks, transfer utilities, update your address, and set up your security system right away.<\/span><\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><b>&gt;&gt;See: <\/b><a href=\"https:\/\/www.redfin.com\/blog\/things-to-do-after-buying-a-home\/\" data-wpel-link=\"exclude\"><b>16 Things to Do Immediately After Buying a Home<\/b><\/a><\/p>\r\n\r\n\r\n\r\n<h2 id=\"h-final-thoughts-first-time-homebuyer-questions\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\"><strong>Final thoughts:<\/strong> First-time homebuyer questions<\/span><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">The homebuying process can feel like a whirlwind, especially when it\u2019s your first time. With the right knowledge (and a little patience), you can simplify your experience and enjoy every step of the way. Don\u2019t be afraid to lean on your real estate agent for guidance and support. Just make sure to keep calm, ask questions as they arise, and have fun finding a place to call home.\u00a0<\/span><\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Buying your first home is an exciting milestone, from browsing listings and touring open houses to imagining life in your new space. It\u2019s also natural to have plenty of questions during this time. This guide will provide you with all the answers to common first-time homebuyer questions.<\/p>\n","protected":false},"author":816,"featured_media":104086,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[34276],"tags":[34529,34629],"coauthors":[36415],"class_list":["post-104084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying-a-home","tag-buying-faq","tag-first-time-homebuyer"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>23 Common First-Time Homebuyer Questions | Redfin<\/title>\n<meta name=\"description\" content=\"What should you know before buying your first home? 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