What to consider before buying a home in the United States

Immigrants or citizens of the United States have the goal and possible dream of buying a home. For those who are on that plane, the official website of that country’s government shares some keys.

The right calculation

The first recommendation given by that source is determine the budget. For this, it is important to consider both down payment and subsequent monthly installments.

At the same time, it is important to take personal needs into account. The comforts of the house, the location, access to public transport or proximity to schools in the area are key points.

A professional inspection

Another element is that when you bid The condition that the offer is subject to a satisfactory report by an approved inspector should not be omitted. This is a modality that rules in the United States and which avoids subsequent surprises.

customized credits

The official page also clarifies that the Federal Housing Administration (FHA) has a program to promote first-time home buyers.

Regard FHA loans that facilitate mortgage credit through financial institutions to individuals or families who may not qualify for a traditional mortgage, don’t have a very good credit history, or don’t have the amount for the down payment (which is 3.5% of the total property value).

Veteran home loans and rural resident programs are also available.

Right not to be discriminated against

Housing discrimination occurs when a landlord, real estate agency or financial institution prevents a person from renting or buying because of their race, religion, gender identity, national origin, family status or disability.

Penalties under the Fair Housing Act include deceptive practices, such as raising prices for certain demographic groups or providing false information. Also the lack of wheelchair access in some newly built properties.