Buying a home can be daunting!
Let us help us you in your homebuying journey. Explore our Own the HOU resources and our guide to the homebuying process on this page.
Not Sure Where to Start?
If you’re not sure about how to get started with buying a home, or you’re feeling like you need support, please fill out the form below.
Someone from our Own the HOU partner agencies will get in touch with you to help. Our housing counselor partners are here to advocate for YOU and help you make the right choice.
Get Educated on Homeownership!
Our Own the HOU partners offer HUD-certified homebuyer education training in English and Spanish, both online and in-person.
Find Out If You Qualify for Down Payment Assistance!
Are you ready to buy, but may need some help with your down payment and closing costs? Use our Down Payment Assistance tool to learn whether you may qualify for programs in Houston and Harris County that offer financial assistance.
Learn more about the Homebuying Process
The path to homeownership is long, but you can take it on step-by-step.
1. Assess your homebuying readiness.
Before diving into the homebuying process, it’s essential to evaluate your financial situation by determining your budget, calculating your down payment, and reviewing your credit score.
Attend homebuyer counseling and education classes and explore resources to enhance your financial education and preparedness.
2. Find the right realtor.
A skilled and trustworthy realtor is instrumental in helping you find the right home. Find a real estate professional who understands your unique needs and are committed to guiding you through the process with expertise and care.
3. Explore and identify neighborhoods for you.
Houston and Harris County offer a diverse range of neighborhoods. Consider your lifestyle preferences, the types of assets and amenities you want your neighborhood to have, and your commute to work. Look at potential challenges like floodplains that can affect your insurance costs and your safety.
4. Look at homes by listings and tours.
Examine listings to see whether the home meets your budget, including looking at your mortgage payment, tax bills, and estimated insurance costs. Schedule home tours with your realtor to visit potential homes and envision yourself living in each space.
5. Make an offer and negotiate.
When you find the perfect home, your realtor will assist you in crafting a compelling offer. They will handle negotiations with the seller on your behalf to secure the best terms for your new home.
6. Get the home inspected and appraised.
Perform a thorough home inspection to ensure the property is in good and stable condition. Your realtor will also arrange for a professional appraisal to determine the fair market value of the home.
7. Finalize your mortgage and financing.
Work with a reputable mortgage lender to secure the best mortgage option for your financial situation. Use Own the HOU’s tool (above) to learn about down payment assistance programs that can help you with your initial down payment and closing costs.
8. Close on your home.
Your realtor and our team will guide you through the closing process, ensuring all necessary paperwork is completed accurately. Celebrate as you officially become a homeowner!
9. Learn and grow as a homeowner!
After closing, Own the HOU remains dedicated to your success as a homeowner. Explore our Homeowners page to see what resources are available to maintain your homeownership.
10. Share your experience.
At Own the HOU, we believe in creating a thriving community through homeownership. Share your experience and become an advocate for homeownership opportunities.