Single Mom Buying First Home -

Just because a bank says you can borrow $300k doesn't mean you should. Leave room in your budget for extracurriculars, birthdays, and "life."

Many states and cities offer grants or forgivable loans to first-time buyers. Check your local Housing Finance Agency (HFA) website.

Prioritize a shorter commute over a larger backyard. Time is your most valuable currency as a single mom. 4. Building Your Team 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.

If you are looking in a rural or suburban area, the USDA offers a program for low-income borrowers that can include 0% down payments. 3. Choosing the Right Property Just because a bank says you can borrow

Do not skip the home inspection. You need to know exactly what you are walking into so you aren't hit with a $10,000 plumbing issue in month two. 5. Managing the Stress

You don’t have to do this alone. There are programs specifically designed to help: Prioritize a shorter commute over a larger backyard

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