Start by checking these key factors:

• Credit Score – A score of 620+ is ideal for conventional loans, while FHA loans allow as low as 580.
• Debt-to-Income Ratio (DTI) – Lenders typically want your DTI below 43% to ensure you can handle mortgage payments.
• Down Payment – Expect to put down anywhere from 3.5% (FHA) to 20% (conventional), though some programs offer lower down payment options.
• Closing Costs – Budget for 2%–5% of the home’s price for fees like inspections, loan origination, and title insurance.

Carroll Realty can connect you with lenders to get pre-approved, helping you determine your exact budget and available loan options.

It depends on the type of loan:

• Conventional Loan – Typically 5%–20%, though some lenders allow as low as 3%.
• FHA Loan – 3.5% minimum with a credit score of 580+.
• VA & USDA Loans – 0% down if you qualify.

Additionally, down payment assistance programs are available for first-time buyers. Carroll Realty can guide you through your best options based on your finances.

When viewing homes, focus on:

• Condition – Check for water damage, roof age, HVAC system, and plumbing/electrical updates.
• Location – Evaluate commute times, school districts, local amenities, and future development plans.
• Long-Term Suitability – Will this home meet your needs in 5+ years? Consider space, layout, and potential resale value.

Carroll Realty helps buyers assess properties beyond the surface, ensuring you invest wisely

Pre-Qualification – A quick estimate based on self-reported finances. It’s useful for getting an idea of your budget but isn’t a guarantee.

Pre-Approval – A lender verifies your income, credit, and assets to provide a conditional loan commitment. This makes your offer stronger and shows sellers you’re a serious buyer.

Carroll Realty always recommends getting pre-approved before house hunting to know exactly what you can afford and make competitive offers.

Yes! A buyer’s agent (like Carroll Realty) is completely free for buyers—the seller pays the commission. Here’s why working with an agent matters:

• Market Knowledge – We help you find homes in your budget, including off-market listings.
• Negotiation Power – We advocate for you on price, repairs, and closing terms.
• Guidance – From financing to inspections to closing, we ensure a smooth process.

Without an agent, you’re relying on the seller’s agent—whose job is to get the seller the best deal. Carroll Realty works exclusively for you to make sure you get the best home for the best price.