First-Time Buyer
What are the steps to buying a first home in Minnesota?
Context
First-time buyers benefit from knowing the full sequence of steps before they start shopping for a home.
The short answer
Broadly: check your credit and budget, get pre-approved, find an agent, shop homes, make an offer with earnest money, complete inspection and appraisal, clear underwriting conditions, and close.
Things to keep in mind
Pre-approval early makes your offers stronger, though each step still depends on the lender and other third parties.
Next step
DMF guides first-time buyers through each step and shops multiple wholesale lenders so the financing fits — contact us to start.
Have a question about your own situation?
DMF serves Minnesota homebuyers and homeowners. We submit your purchase or refinance file to multiple wholesale lenders and compare what each one offers, so your pricing is not limited to one lender's rate sheet.
Davis Monroe Financial, LLC is a mortgage broker, not a lender. We do not make credit decisions or fund loans. Rate locks are issued by the lender; we submit and manage lock requests on your behalf. All loans are subject to credit approval. Rates and terms are subject to change without notice.