First-Time Homebuyer Checklist

Check your credit score

Aim for 620+ for conventional loans; 580+ for FHA. Get a free report at AnnualCreditReport.com.

Pay down existing debt to lower your debt-to-income (DTI) ratio

Most lenders want a DTI below 43%.

Save for a down payment

Conventional: 3–20%. FHA: 3.5%. CHFA programs may offer down payment assistance.

Save for closing costs

Typically 2–5% of the purchase price on top of your down payment.

Build an emergency fund (3–6 months of expenses)

Lenders like to see reserves after closing.

Avoid opening new credit accounts or making large purchases

New debt can lower your credit score and affect your loan approval.

Gather financial documents

W-2s, tax returns (2 years), pay stubs, bank statements, and photo ID.

Research and compare lenders

Compare interest rates, fees, and loan types from at least 3 lenders.

Submit a mortgage pre-approval application

Pre-approval is stronger than pre-qualification — it involves a hard credit pull.

Receive and review your pre-approval letter

This tells you your maximum loan amount and strengthens your offer.

Explore CHFA (CT Housing Finance Authority) programs

First-time buyers in CT may qualify for below-market rates and down payment assistance.

Define your must-haves vs. nice-to-haves

Bedrooms, bathrooms, location, school district, commute, yard, garage, etc.

Research neighborhoods in Hartford and New Haven Counties

Visit at different times of day. Check crime stats, school ratings, and walkability.

Hire a buyer's agent (like Triniyah Real Estate!)

A buyer's agent represents your interests at no cost to you — the seller pays the commission.

Attend open houses and schedule showings

Take notes and photos at each property to compare later.

Research comparable sales (comps) in your target area

Your agent will help you understand fair market value before making an offer.

Review comparable sales with your agent to determine offer price

Decide on contingencies to include

Common contingencies: inspection, financing, appraisal. These protect you if something goes wrong.

Submit your written offer with earnest money deposit

Earnest money (typically 1–3% of purchase price) shows the seller you're serious.

Negotiate counteroffer if needed

Your agent will guide you through price, repairs, closing date, and other terms.

Sign the Purchase and Sale Agreement once terms are agreed

Schedule a home inspection within the inspection period

A licensed inspector examines the structure, systems, and components. Budget $400–$600.

Review the inspection report and negotiate repairs or credits if needed

Order a home appraisal (your lender will arrange this)

The appraisal confirms the home's value is at least equal to the purchase price.

Secure homeowner's insurance

Your lender will require proof of insurance before closing.

Complete the mortgage underwriting process

Respond promptly to any requests from your lender for additional documents.

Do a final walk-through 24–48 hours before closing

Confirm the property is in the agreed condition and any repairs were completed.

Review the Closing Disclosure (CD) at least 3 business days before closing

Compare it to your Loan Estimate. Ask your lender about any differences.

Wire closing funds or bring a cashier's check

Your lender will tell you the exact amount needed. Never wire money based on an email alone.

Bring a valid government-issued photo ID

Sign all closing documents

Receive your keys — you're a homeowner!

Change the locks on your new home

You don't know how many copies of the old keys exist.