Buyers FAQs

Answers to your frequently asked questions

Should I get pre-approved before looking at homes?

Yes. Getting pre-approved helps you understand your budget, shows sellers you’re serious, and strengthens your offer in competitive situations.
How much money do I need for a down payment?

Down payments vary depending on the loan type and buyer qualifications. Many loan programs require anywhere from 3% to 20% down. A lender can help determine what options are available to you.
What are closing costs?

Closing costs typically range from 2%–5% of the purchase price and may include lender fees, title services, escrow fees, appraisal fees, recording fees, and prepaid taxes and insurance.
Do I need a home inspection?

Yes. A licensed home inspection helps identify potential issues with the property, such as structural, roofing, plumbing, or electrical concerns. Inspections allow you to make an informed decision before closing.
How long does the home buying process take?

Once an offer is accepted, closing typically takes about 30–45 days, depending on financing, inspections, and appraisal timelines.