Thinking about buying your first home? Maybe you’ve browsed online listings, taken a drive through a neighborhood you love, or even toured a few homes. No matter where you are in the process, it’s an exciting step—but it can also feel overwhelming.

Here are a few tips to help you feel confident and prepared as you start your homebuying journey:

Work With a Trusted Mortgage Lending Officer

A knowledgeable lending officer can walk you through the process, explain your options, and help you feel confident every step of the way.  Their expertise can be invaluable. They can assist in clarifying complex terms and conditions, tailoring solutions that best fit your financial situation. Building a trusting relationship with your lending officer can also enhance your experience, making the journey to securing a loan smoother and more enjoyable. With their guidance you can achieve your dreams of homeownership.

Explore First-Time Buyer Programs

Explore FHA loans, which are government-backed mortgages that often require lower down payments and more lenient credit requirements than conventional loans. Additionally, investigate state-specific programs that offer unique incentives and benefits tailored to residents, such as reduced interest rates or tax credits. Don’t overlook down payment assistance options, which can provide grants or low-interest loans to help cover initial costs. These resources can collectively make homeownership more attainable and budget friendly.

Check Your Credit and Get Pre-Approved

Before applying for a mortgage, check your credit report and make sure it’s accurate. Optimizing your credit score could affect your loan approval or interest rate. Getting pre-approved by a lender is an important step in buying a home. It involves providing your financial details to a lender, who will assess your mortgage eligibility. Pre-approval shows sellers you're serious and helps you understand your budget, focusing your home search on affordable options. It can also give you an edge in competitive markets, as sellers prefer pre-approved buyers for smoother transactions.

Stick to Your Budget

Before you start shopping, understand what kind of mortgage fits your budget. Review your income, monthly expenses, and debts to determine a realistic price range. This helps you stay focused and avoid financial stress down the road.

Avoid the temptation to tour homes that are outside your budget. It’s easy to fall in love with features you can’t afford. Instead, stay focused on what’s realistic and sustainable for your financial future.

Buying your first home is a big milestone. With a little preparation and the right team by your side, you’ll be ready to make smart decisions and find the perfect place to call home.

Dave Kuhns is Residential Mortgage Product and Sales Manager at F&M Trust.