Buying First Home: Single Mom

Your "dream home" should be one that simplifies your life as a solo parent.

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. single mom buying first home

Consider townhomes or condos where an HOA handles exterior maintenance (roof, siding, lawn). While there is a monthly fee, it protects your limited time and prevents "surprise" repair costs. Your "dream home" should be one that simplifies

Surround yourself with pros who understand your specific needs: Consider townhomes or condos where an HOA handles

These allow for a down payment as low as 3.5% and are more forgiving of lower credit scores.

It’s easy to fall in love with a kitchen, but if the foundation is cracked, walk away. There will always be another house.