A person signing a paper contract.

The 3 Questions We Hear Most Often from Triangle Home Buyers

In our two decades of combined real estate experience, we have heard countless questions about buying a home.

While Triangle-area buyers often want to know what to expect, how to choose a community, when to order a home inspection, and who is involved in the transaction, we hear three of the same questions more often than any of the others. Here’s a quick Q&A for the most commonly asked home buying questions. We hope this helps you during your home search!

How Do I Know What I Can Afford for a Home?

There are a few things that you can do to learn how much home you can afford.

Two-story stone house with a large front yard.

4316 Kelly Oak Court, Fuquay-Varina | Listing courtesy of Annette Holt, Re/Max United

First, analyze your budget. The mistake many home buyers make, especially when purchasing their first home, is spending more than they can comfortably afford. Come up with a budget for your monthly payments, including maintenance costs and utilities, then use a mortgage calculator like this one to estimate your loan amount.

You should also talk with a reputable lender. He or she can give you an idea of how much money you qualify to borrow. However, keep in mind that just because you qualify for a certain amount doesn’t mean that it comfortably fits within your budget.

Want to talk to a lender in the Triangle? Call us at 919-810-2203 or 919-810-2188 and we can provide you with recommendations.

Which Mortgage is Best for Me?

A piece of paper that looks like a mortgage contract.That depends. There are several different types of mortgages out there, and each comes with its own pros and cons. We recommend checking your finances and talking with a lender to learn what options are right for you.

Read our guide to choosing a home loan to find out more about common types of mortgage products and interest rates.

Can I Buy a Home in the Triangle with No Money Down?

Yes, depending on what mortgage you choose and/or where you’re looking for homes.

A Sold sign in the yard in front of a two-story house.Remember how we mentioned that there are different types of mortgages? VA loans and USDA loans are two types of home loans that offer up to 100% financing. VA loans are available to active military service members and veterans; USDA loans are available for buyers looking in rural areas (and yes, that includes some areas in the Triangle!).

Raleigh-area buyers aren’t limited to those two mortgages. Talk with a local lender or contact us to learn about other loan programs with little to no down payment.

Let Us Be Your Resource for Buying a Home

Information is powerful, especially when purchasing a home in Raleigh and surrounding Triangle communities. We make it our goal to educate buyers every step of the way, so we have made a wealth of home buying resources available on our website.

Check out our home buying FAQs to read the answers to your burning questions. If there’s something about real estate, the Triangle area, or the home buying process that you want to know, please don’t hesitate to contact us. We’re always available to answer your questions.

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