Start by evaluating your budget. Consider all costs associated with home ownership, including down payment, mortgage payments, property taxes, and maintenance.

Down Payment: Typically, 20% of the home's price is standard, but some loans offer lower down payment options. Consider how a higher down payment might reduce monthly payments and interest. Research programs for first-time buyers, which may offer down payment assistance.

Mortgage: Consult with lenders to understand what you can afford. Fixed-rate versus adjustable-rate mortgages have different benefits depending on your financial situation and how long you plan to stay. Be aware of how interest rates impact your monthly payments and total loan cost.

Closing Costs: Usually 2-5% of the loan amount, these can include fees for appraisal, title insurance, and attorney services. Budget for these expenses to avoid surprises. Some costs may be negotiable, so ask your lender about potential savings.

Monthly Expenses: In addition to mortgage payments, consider property taxes, homeowners' insurance, and HOA fees. Maintenance and repairs can add unexpected costs; setting aside a monthly amount can help manage these expenses.

Emergency Fund: Ensure you have a reserve for unexpected financial challenges. This fund can cover unforeseen home repairs or personal financial emergencies, providing peace of mind.