Determining if you’re ready to buy your first home is a huge decision to make. Is there ever a right time to embark on such a huge journey in your life? With today’s low interest rates and home prices on the rise, many potential first-time buyers are stuck wondering whether or not now is a good time to buy a home.
On top of that, buying your first home is a huge financial commitment that you need to be prepared for. Many new buyers are unaware of the programs and loans available to them that can help make home buying more affordable, so they often opt to wait to buy a home. Down payment assistance programs and loans like FHA and VA loans are available and can help you achieve your goal of homeownership.
To determine if you should buy a house now or wait, FHA Loans created a visual guide with questions to ask yourself to help you make an informed decision.
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