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First-time buyer checklist

Every step from pre-approval to closing day on one printable page.

Published 1 min watch

Key takeaways

  • Start with your credit, your savings and a pre-approval.
  • Then choose an agent, tour homes and make an offer.
  • Before closing, lock your rate, finish underwriting and buy insurance.
  • Some conventional programs start at just 3% down.

Next step: Estimate your monthly payment

Before you shop

  1. Check your credit
  2. Save for down payment & reserves
  3. Get pre-approved
  4. Set your budget

Start with your credit, your savings and a pre-approval.

While you shop

  1. Choose a REALTOR®
  2. Tour and compare homes
  3. Make an offer
  4. Schedule the inspection

Then choose an agent, tour homes and make an offer.

Before closing

  1. Lock your rate
  2. Appraisal & underwriting
  3. Buy homeowners insurance
  4. Final walk-through

Before closing, lock your rate, finish underwriting and buy insurance.

Some conventional programs start at 3% down

Down payment assistance may help too.

Some conventional programs start at just 3% down.

ZERO Closing Costs

And your loan comes with ZERO Closing Costs. On your purchase loan.

Frequently asked questions

How much do I need for a down payment?

Some conventional programs allow 3% down, FHA starts at 3.5% and VA loans can need no down payment. Down payment assistance may cover part of it.

When should I get pre-approved?

Before you tour homes. A pre-approval sets your budget and shows sellers you can close.

What other costs should I plan for?

Prepaid interest, escrow for taxes and insurance, your first year of homeowners insurance, the home inspection and any government recording taxes.

Video transcript

Buying your first home? Here’s your checklist.

Start with three things: your credit, your savings and a pre-approval.

Next, choose an agent, tour homes and make an offer.

Before closing, you’ll lock your rate, finish underwriting and buy insurance.

And good news: some conventional programs start at just 3% down.

Plus, your loan comes with ZERO Closing Costs.

Get pre-approved at capcenter.com.

For general information only. Program rules and limits vary. Not a commitment to lend. NMLS ID #67717.

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