A higher score equals a lower interest rate, which saves you thousands. If your score is below 620, consider taking six months to pay down debt before applying.
Many states and cities offer grants or forgivable loans to first-time buyers. Check your local Housing Finance Agency (HFA) website. single mom buying first home
Prioritize a shorter commute over a larger backyard. Time is your most valuable currency as a single mom. 4. Building Your Team A higher score equals a lower interest rate,
Research neighborhood safety, proximity to childcare, and school districts (even if your kids are young, this affects resale value). Check your local Housing Finance Agency (HFA) website
You don’t have to do this alone. There are programs specifically designed to help:
These allow for a down payment as low as 3.5% and are more forgiving of lower credit scores.