For Homebuyers

Where Do I Start?

Congratulations on embarking on the exciting journey of buying a home! We understand that it can feel overwhelming, but with the right preparation and research, you can confidently make the best decision for you and your finances.

We encourage you to seek advice from a trusted advisor who knows your unique situation. In addition, we have resources available for you to download that will guide you in making informed choices and steer clear of any potential pitfalls.

We are thrilled to be a part of your exciting journey towards homeownership!

Information for First-Time Buyers Homebuyer Education Prefab Housing Facts

Can I Afford a Home?

Embarking on the exciting journey of homeownership requires careful budget planning. The good news is that with some thoughtful consideration, you can find a home that perfectly fits within your budget range. While it may be tempting to go for a monthly payment plan that seems reasonable, it’s important to keep in mind that loan terms and interest rates can vary greatly.

Experts agree that spending no more than 30% of your income on housing is the sweet spot for financial success. So, if you earn $2,800/month, your ideal housing cost would be around $840. Regional variations may come into play, and it’s important to factor in these details when planning your home buying journey.

With careful planning and consideration, you can confidently find a home that not only fits your budget but also meets your needs and preferences.

Where Can I Find Financing?

We recommend connecting with a lender before embarking on your house-hunting journey to make the most informed decision. It’s essential not to limit yourself to just one lender – instead, visit several in your community to compare costs and options, and ensure you receive the best deal.

Pre-approval for a loan can greatly ease the stress of the home-buying process. Building and maintaining a good credit score may take time and effort, but we are happy to provide counseling and homebuyer education programs to assist you.

Next Step’s lending partners have specialized knowledge and experience in manufactured home financing. These lenders can accommodate a variety of loan options, including VA, USDA, FHA, Freddie Mac CHOICEHome® and Fannie Mae MH Advantage® loans. Learn more about them here.

Where Can I Get Help?

Looking to learn more about factory-built homes? Check out Next Step’s free Introduction to Manufactured Housing (MH101) course or view our Resource Library!