Answers by Angie Gardner

A great question to ask when buying your first home is: “Are there any known issues with the home or major systems such as the roof, HVAC, plumbing, or electrical that may need repairs soon?” This question helps you understand potential future costs and ensures there are no surprises after closing. A good Realtor should be transparent and help guide you through inspections so you feel confident about your decision.

You can buy a home with little or no money out of pocket by using certain loan programs and assistance options: 1. USDA Loan If the home is in a qualified rural area, you may be able to buy with 0% down payment. Many areas around Mississippi qualify. 2. VA Loan (for veterans) Eligible veterans and active military can buy with no down payment and often lower closing costs. 3. Down Payment Assistance Programs Many state and local programs help cover down payment and closing costs through grants or forgivable loans. 4. Seller Concessions You can negotiate for the seller to pay part or all of your closing costs during the offer. 5. Lender Credits A lender may cover some closing costs in exchange for a slightly higher interest rate. Most buyers combine down payment assistance + seller concessions to buy with almost nothing out of pocket.

1st step is getting a preapproval for a mortgage. This helps you understand how much home you can afford, shows sellers you are a serious buyer, and allows your Realtor to help you focus on homes within your budget before you begin your search.