First-time Homebuyers

1. Why should I buy, instead of rent?

2. What are "HUD homes", and are they a good deal?

3. Can I become a homebuyer even if I have or had bad credit and do not have much for a down payment?

4. Are there special homeownership grants or programs for single parents?

5. Should I use a real estate broker? How do I find one?

6. How much money will I have to come up with to buy a home?

7. How do I know if I can get a loan?

8. How do I find a lender?

9. In addition to the mortgage payment, what other costs do I need to consider?

10. So what will my mortgage cover?

11. What do I need to take with me when I apply for a mortgage?

12. I know there are many types of mortgages, how do I know which one is best for me?

13. When I find the home I want, how much should I offer?

14. What if my offer is rejected?

15. So what will happen during closing?

16. For more information, please see HUD's 100 Q&A about buying a home.