First Time Homebuyer Guide

The credit score needed to buy a home depends on the type of loan and your financial situation. While a higher credit score can help you qualify for better loan options, you may be surprised to learn that you don't need perfect credit to become a homeowner!

If you're unsure where your credit stands, our preferred lenders can help you explore your financing options, provide guidance on improving your credit score, and create a plan to help you get closer to homeownership.

You may need less than you think! While a 20% down payment is often considered the standard, many homebuyers qualify for loan programs that require as little as 3% to 3.5% down. Some programs even offer zero-down financing for eligible buyers!

Our preferred lenders can help you explore available loan programs, down payment assistance options, and financing solutions to find the best fit for your budget.

Your monthly mortgage payment typically includes four main costs: principal (the amount you borrowed), interest, property taxes, and homeowners insurance. Depending on your loan, your payment may also include mortgage insurance.

Keep in mind that other expenses, such as HOA fees and utilities, may be separate from your mortgage payment.

Our preferred lenders can help you break down these costs and estimate your monthly payment so you know what to expect before buying your home.

It depends! The timeline varies due to multiple facets. If you're purchasing a move-in ready home, the closing process typically takes 30–60 days, depending on financing and other factors. However, some buyers, such as those paying in cash or already pre-approved, may be able to close in as little as one week!

If you're purchasing a home under construction, your timeline will depend on the home's estimated completion date.

Our sales professionals and preferred lenders will guide you through each step of the process, helping you know what to expect as you get closer to move-in day!

While Ivory Homes' streamline product are not customizable, our award-winning architecture and design teams have thoughtfully curated beautiful finishes and design packages to ensure every home feels stylish, functional, and welcoming.

For buyers looking for more personalization, our Signature Homes offer a semi-custom building experience with additional opportunities to make your home your own.

Our sales professionals can help you explore available homes, floorplans, and design options to find the perfect fit for your style, needs, and budget!