Buying Your First Home
What You Need to Know
The Truth About Buying
Will I Find a Home With Every Item on My Wish List?
While it is important to know what you are looking for in a home, it is also important to recognize that no one home will likely meet all your wants. At every price point, buyers compromise on something that was on their wish list. Determine what your must-have items are to help guide you in your journey.
Do I Need a 20% Down Payment?
A popular belief is that you need to have 20% of your purchase price saved to buy a home. We’re happy to tell you that this isn’t true! Incredible loan programs with down payments as little as 3.5% are available.
Is the Down Payment the Only Upfront Cost?
While the down payment is the largest upfront cost, it is not the only one. Earnest money and closing costs are two other costs to keep in mind. The earnest money is paid when you decide to purchase, typically $1,000, to take your home off the market. Closing costs cover the costs of the closing process, like title fees. The great news is that LGI Homes pays your closing costs when you work with our preferred lender and title company.
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