How to Buy Your First Home During the Spring Market

Spring is here—and with it comes one of the most active seasons for homebuying. The longer days, warmer weather, and approaching summer break create the perfect window for many people to make a move. If you’re a first-time homebuyer, this busy market might feel a little overwhelming, but with the right game plan, it can also be the ideal time to find your dream home.

Here are some key steps and tips to help you succeed:

1. Get Preapproved for Your Mortgage

Before you start shopping for a home, it’s important to ensure you’re “mortgage-ready” to finance your purchase. Getting preapproved from The Money Store—the official mortgage provider of the IAFF—helps you do just that. The process is fast, easy, and free, and once you’re preapproved, you’ll be able to show home sellers that you’re a serious buyer.

2. Know Your Homebuying Budget

With your preapproval in hand, you’ll know the maximum loan amount you qualify for—but that doesn’t mean you have to spend it all. Factor in your personal financial comfort zone and consider the long-term costs of ownership, such as taxes, insurance, and maintenance. Aim for a budget that fits your lifestyle, not just your loan limit.

3. Plan for Upfront Costs

Buying a home comes with upfront expenses, including your down payment and closing costs. The good news? There are loan programs with low or even zero down payment options, and you may qualify for homebuyer assistance programs to help cover costs. Your Money Store loan officer can walk you through your options and help you understand how much cash you’ll need for your purchase.

4. Identify Your Wants vs. Needs

Homes can sell fast in spring, so it’s essential to be clear on what you’re looking for. Make a list of your non-negotiables (like number of bedrooms or commute time) and nice-to-haves (like a big backyard or an updated kitchen). This helps you stay focused and ready to make a move when you discover the right home.

5. Find a Real Estate Agent

Working with a knowledgeable real estate agent can make a big difference, especially when you’re buying your first home in a competitive market. Your agent can help you plan your homebuying strategy, avoid common mistakes, understand market trends, find homes as soon as they’re available, prepare an offer, and negotiate a deal. With a great agent, you’ll have a local expert in your corner every step of the way.

Final Thoughts

Buying your first home in the spring market can be both exciting and rewarding. With early preparation, a clear plan, and the right team behind you, you’ll be in a strong position to make a confident move into homeownership.

Thinking about buying a home this spring? As the official mortgage provider of the IAFF, we’re here to help. Let’s talk about your options, discuss our exclusive benefits for IAFF members, and create a strategy that works for you.

The Money Store provides home financing for properties within the United States only.