How much do I need to buy a house?

Plan for: down payment (3-20% of purchase price), closing costs (2-5%), moving expenses, and a home maintenance fund (1-2% of home value annually). For a $300,000 home, budget $15,000-$75,000 upfront depending on your down payment percentage.

What credit score do I need to buy a house?

620 minimum for conventional loans, 580 for FHA with 3.5% down. However, 740+ gets the best interest rates — even 0.5% lower rate saves $30,000+ over a 30-year mortgage. Improve your score before applying.

Should I rent or buy a home?

Buy if you'll stay 5+ years, have stable income, emergency fund intact, and can afford payments under 28% of gross income. Rent if you might move soon, are paying off high-interest debt, or if buying would drain all savings.

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Buying Your First Home

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About This Checklist

This free home buying checklist walks you through every financial step: credit score preparation, down payment savings, mortgage pre-approval, home inspection, closing costs, and insurance setup. Track your progress — all data stays in your browser.

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