No question is too basic. The best first purchase comes from understanding each step before you take it.
1. Set a comfortable budget
Look beyond the purchase price to your full monthly payment, including principal, interest, property taxes, homeowners insurance and any HOA dues. Texas has no state income tax, but property taxes play a bigger role in monthly costs, so they deserve careful attention.
2. Get pre-approved
A lender reviews your income, savings and credit to confirm how much you can borrow. Pre-approval makes your offer stronger and saves time touring homes outside your range.
- Recent pay stubs and W-2s or tax returns
- Bank and asset statements
- Photo ID and details of any existing debts
3. Explore down payment options
Many loan programs allow less than 20% down, and eligible buyers may qualify for down payment assistance through state and local programs. Your lender can confirm which options fit you.
4. Search and tour homes
Tour homes in person or virtually, compare neighborhoods and get honest feedback on condition, layout and resale potential.
5. Make an offer and use your option period
Texas contracts commonly include an option period. During that window you complete inspections, review disclosures and negotiate repairs before you are fully committed.
6. Close at the title company
After appraisal and final loan approval, you will do a final walkthrough, sign at the title company and receive the keys to your first home.
