While having a place of your own is a dream most of us share, it's also probably the biggest purchase you'll ever make, and you want to be careful to avoid mistakes. HomeSide's First-Time HomeBuyer's Guide is designed to help you understand how to find the home you want and prevent costly errors and hassles. Looking at homes before you are pre-approved. Underestimating the amount of cash you will need to close.
Costs vary by area.
Some loans will allow you to roll into your mortgage most of the closing costs. Failing to read the purchase and sales agreement before you sign it. This is a legal contract, so it's always best for you to hire your own real estate attorney to review it. Do not sign anything unless you fully understand it. Failing to have a property fully inspected.