Acquiring a house is an important and unforgettable step for every person, whether because you are getting married and starting a new life, it is the fruit of your work and efforts and you enjoy being single, or because you are fulfilling an old promise to your mother or father to give them a gift, an asset.

If you are in the United States, try to get advice. They offer you on the Consumer Finance site -Consumer Financial Protection Bureau (CFPB)- five steps to prepare to buy a home

1. Decide when you want to buy it. How much money you can save for your down payment and other costs.

2. Then check your credit reports to get an estimate of your credit scores.

By reviewing these reports, you can see the current status of your credit history and discover if there is any incorrect information that could be affecting your scores. Lenders look at credit reports, they emphasize.

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3. After reviewing your credit reports and scores, you’ll likely want to improve them before applying for a loan.

For example, you can only borrow as much money as you can afford, or make sure you make your payments on time. That will signal to the lender that you can pay your debts and manage your credit history.

4. If you have debt, think about it and try to reduce it. When applying for a mortgage, the lender evaluates how much total debt the person has compared to income

5. As you catch up on your debt, you can start saving to cover the costs of buying a home.

Open a savings account. The more you put down on your mortgage, the less you have to pay over the life of the loan.

Government mortgage assistance programs

If you’re a first-time home buyer, look into the Federal Housing Administration (FHA), which, says, administers the FHA loan program.

This type of mortgage could be the most convenient, they suggest.

Benefits of FHA Loans

How to Qualify for an FHA Loan

According to, these conditions must be met:

Advice: To apply for an FHA loan, visit the Department of Housing and Urban Development (HUD) website to find an FHA-approved bank or lender.

Click this link to search for FHA-approved banks or lenders.

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How do mortgages work in the United States?

From World Remit they invite you to do the following exercise to illustrate how mortgages work in the United States:

It should be noted that this amount is not entirely intended to pay off your debt, as a percentage goes toward the quarterly payment of property taxes and home insurance.

To read more, go to this link

The amount of money you need to buy a house in California

Requirements for a mortgage in the US

World Remit lists them

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State Home Purchase Programs

Requirements, options and programs vary from state to state, AS USA newspaper points out.

To get a little ahead, take a look at the homeownership programs your state offers. Call the Department of Housing and Urban Development 1-800-569-4287 (press 5 for Spanish). The agent will tell you how to get advice in your country.

Go to this link and search the state you are in for more information on this.

With information from USA.govWorld Remit, Consumer Finance and AS USA Newspaper.