In 2025, first-time buyers can qualify if they haven’t owned a home in three years.
Experts recommend keeping housing costs near 28% of gross income and budgeting 2–5% for closing costs.
Over 60% of buyers now compare multiple mortgage lenders to secure lower interest rates and fees.
First-time buyers can purchase homes with as little as a 3% down payment, sometimes reduced to 1%.
Government, nonprofit, and employer programs offer grants or assistance for down payments and closing costs nationwide.