If you are interested in buying a house, here are the steps you will walk through with our Housing Counselor on your way to homeownership.
1. Make a monthly budget to determine how much of a mortgage you can afford.
2. Build $1,000 in IDA savings for down payment.
3. Build credit score to 640.
4. Attend Financial Literacy class series and Homebuyer Education class.
5. Visit lenders and choose the best offer.
6. Apply for down payment assistance from the City of Waco.
7. Close on your house and move in!
Steps to homeownership
- Make a monthly budget to determine how much of a mortgage you can afford.
- Build $1000 IDA savings for down payment. Click here for more information.
- Build credit score to 640.
- Attend free classes: Financial Literacy & Homebuyer Education. Class Schedule/Sign up to attend class?
- Visit lenders and choose the best offer.
- Apply for down payment assistance from the City of Waco (Click here for more information). Possible assistance of $15,000 or more!
- Close on your house and move in!
