Step 1: Analyze your current financial situation

The first necessary step to finding a home? Knowing and settling on a budget. Finding a home without the presence of numbers can be impossible, as you need to narrow down your lists. This includes price points and of course, your ability to stay on top of your mortgage repayment.

Before beginning yourself, make sure that you have a good credit score—the better your score is, the better your loaned amount will be. Do keep your down payment in mind, as well. For many, homeowners save up to 20 percent of the property’s price, which is what they place as a down payment.

Step 2: Identify your priorities

Once you’ve settled on a budget, you can now officially begin your home search. Begin by looking through available homes in the area you wish to live in, but remember to keep a list of your priorities close by.

While it may be difficult to find that perfect home, prospective houses should at least fulfill half of your requirements, so make sure to have a list as you search. That way, you never get tempted to reach beyond what you can afford.

Step 3: Go to inspections and secure the loans

Once you’ve finalized your list of potential dream homes, make sure to participate in home inspections. This step is non-negotiable, as you need to ensure that the home you wish to purchase is completely habitable, down to the last detail.

It’s one thing to see the home up close, but quite another to have it professionally inspected. They’ll make sure that the home is free from any structural wear, as well as damages that may not be visible at first glance. Once you’re certain that the house is without any issue, you can now proceed to secure a mortgage loan with your choice of lender.

Step 4: Close the sale

As you close the sale, make sure to have a final walkthrough a day before the process. This ensures that you’re buying the property in the best possible state, especially when you and the seller have agreed upon repairs and maintenance work. On the actual day of the closing, expect to spend a few hours on paperwork, and be prepared to bring cash to cover any closing costs.

The process will take a while, but once the signing is completed, you’ll be handed the key to your first home—and just like that, you’re now a proud homeowner! The next step is to set up the utilities, and of course, moving and settling in.

Finding Your Dream Home With the Right Partners

Your journey to your dream home may seem daunting, but it doesn’t have to be. Becoming a homeowner is a dream come true, one that should be celebrated with enthusiasm and excitement. As you venture into the homebuying process, keep this guide in mind.

Your dream home may also require the help of the right partners to come into realization—for the best mortgage company in Ewa Beach, HI Velocity Mortgage is the place to go. We are a team of mortgage brokers, dedicated to helping our clients succeed in the home buying and lending process. For more information, contact us at (808) 727-1055. Let’s make your dreams a reality!