FIRST-TIME HOME BUYERS

Your down payment depends on the loan program, purchase price, and your financial situation. Some buyers may explore programs with lower down-payment requirements or local assistance options. A qualified lender can explain current eligibility rules, costs, and documentation for the programs you are considering.

Pre-approval can help you understand a potential price range before you begin touring homes in Northern Kentucky or Greater Cincinnati. It also helps you focus your search and prepare to make an offer when the right home appears. Pre-approval is not a final loan commitment, so keep checking in with your lender as your plans develop.

Look beyond the home’s list price. Consider a monthly payment that feels manageable alongside property taxes, insurance, utilities, maintenance, commuting, and your other priorities. A lender can discuss estimated financing costs, while your real estate professional can help you compare homes and neighborhoods within the range you choose.

Depending on the transaction, buyers may need to plan for earnest money, inspections, appraisal-related costs, lender fees, title services, prepaid items, and closing costs. The amount and timing can vary by property, loan program, and contract terms. Review estimates carefully with your lender and closing team before moving forward.

An inspection gives you an opportunity to learn more about the home’s condition. You can review the findings, ask questions, and discuss next steps with your real estate professional. If the contract includes an inspection contingency, your available options and timelines will be guided by the signed agreement and local practices.

Closing is the final stage where documents are reviewed and signed, funds are handled through the closing process, and ownership is transferred according to the contract. Before closing, confirm your final figures, bring any required identification or funds, and ask your lender or closing professional about anything that is unclear.