I have done this a few times now. Started when I didn’t have a lot of money.

Process is similar.

1. Come up with the amount you can put down. Think creatively here.
2. Check your credit rating
3. Make sure that you don’t have any big ticket items coming your way for at least a year after you close
4. Get pre-approved.
5. Now you know your budget (pre-approval + Down payment
6. Study the market for houses in your budget.
7. If this is your first home then most likely it is going to be either a studio apartment or a townhome. Maybe a single family home in a distant neighborhood.
8. Choosing neighborhoods is as much a personal preference, budget, availability, commute, school district, crime rates, life style, etc.
9. Look at structure and build quality. Don’t get hung up on things that could be replaced easily.
10. Location. Location. Location. - is the mantra when you will resale. And resale you will!
11. Mortgage insurance is a thing and as much as we hate it - you will be able to buy a property.
12. After you close - fasten your seatbelt. Save. Save. Save for a year!

Enjoy the process. Don’t be put down by negative comments, thinking…we don’t homes too many times.

All the Best!

Cheers!