First-Time Buyer Guide
Everything you need to know about buying your first home in Greater Boston. From preparation to closing, we've got you covered.
Read the GuideYour Complete First-Time Buyer Guide
Navigate the home buying process with confidence. Our comprehensive guide covers everything from financial preparation to closing.
Understanding the Process
- The home buying process typically takes 2-3 months from start to finish
- You'll need to get pre-approved for a mortgage before making offers
- Working with a buyer's agent can save you thousands
- Expect to pay closing costs of 2-5% of the home price
Financial Preparation
- Aim for a 20% down payment to avoid PMI
- Your credit score should be 620+ for most loans
- Save for closing costs (2-5% of home price)
- Keep your debt-to-income ratio under 43%
Common Mistakes to Avoid
- Don't skip the home inspection
- Avoid buying based on emotion alone
- Don't forget about ongoing homeownership costs
- Never sign anything without reading it first
Getting Help
- First-time buyer programs offer down payment assistance
- FHA loans require only 3.5% down payment
- Local housing authorities may have grant programs
- Credit counseling can help improve your score
Pro Tips for First-Time Buyers
Expert advice to help you avoid common pitfalls and make smart decisions
Start Saving Early
Begin building your down payment and emergency fund as soon as possible.
Get Pre-Approved
Mortgage pre-approval gives you buying power and shows sellers you're serious.
Calculate Total Costs
Remember to budget for property taxes, insurance, maintenance, and HOA fees.
Build Your Team
Assemble a lender, real estate agent, and inspector you trust.
First-Time Buyer Programs
Take advantage of programs designed to help first-time buyers achieve homeownership
FHA Loans
Government-backed loans requiring only 3.5% down payment with flexible credit requirements.
Learn more about FHA loans →Down Payment Assistance
Local and state programs offering grants and low-interest loans for down payments.
Explore assistance programs →Credit Improvement
Resources and counseling to help improve your credit score before buying.
Get credit counseling →Ready to Buy Your First Home?
Our team specializes in helping first-time buyers navigate the process. Get personalized guidance for your home buying journey.