It feels like a lot from the outside. It's really just a handful of steps done in the right order. Here's the honest version, no jargon, no pressure.
Probably less than you've been told. A lot of first-time buyer loans allow 3 to 3.5 percent down, and Utah has down payment assistance programs that can cover part of that. On a $400,000 home, that can mean far less up front than most people assume.
You'll also want a little cushion for closing costs and moving. The real number depends on the loan, and a good lender will lay it out for you in about fifteen minutes.
Utah has programs designed to help first-time and moderate-income buyers with the down payment and closing costs. They change over time and each has its own rules, so the best move is to get matched with a lender who works with them. I can point you to the right one.
Many first-time buyer loans work with scores in the low-to-mid 600s, sometimes lower. If you're not there yet, a good lender gives you a plan to get ready. It's fixable.
Get pre-approved. It's free, it tells you your real budget, and it makes your offer count when you find the one. Everything else follows from it.
Often, yes. Lenders look at your overall picture, not one number. Plenty of first-time buyers close with student loans on the books.
No pressure and no commitment. Tell me a little about your situation and I'll tell you honestly what's realistic and what the first move should be.
Start with the Concierge