Buying your first home in Houston? The Ten Commandments You Can’t Afford to Break

Buying Your First Home in Houston: The Ten Commandments for a Smooth Journey

Buying your first home in Houston is an exciting and rewarding experience, but it can also bring some nerves. As one of Houston’s top-producing real estate brokers, I’ve seen how following a few simple principles can make the difference between a stress-free closing and a deal falling apart at the last minute. Whether you’re eyeing a charming Montrose bungalow, a sleek downtown condo, or a family-friendly Katy home, these Ten Commandments of Home Buying will guide you toward success. Stick to them, and you'll be well on your way to becoming a proud homeowner in Houston.

1. Thou Shalt Not Change Jobs, Become Self-Employed, or Quit Thy Job

Lenders value stability, and any significant job changes during the mortgage process can raise red flags. Even if an exciting opportunity comes your way, hold off until after closing. Your dream job can wait—your dream home can’t.

2. Thou Shalt Not Buy a New Car, Truck, or Van (Unless You Plan to Live in It!)

Upgrading your car may seem tempting, but a new vehicle can significantly impact your debt-to-income ratio, potentially jeopardizing your mortgage. Keep your current vehicle and focus on your home purchase.

3. Thou Shalt Not Max Out Credit Cards or Let Accounts Slip

Your credit score plays a key role in securing favorable mortgage terms. Overspending or missing payments can lower your score and even result in loan denial. Keep your balances low, stay current on payments, and show lenders that you’re a responsible borrower.

4. Thou Shalt Not Dip Into Your Closing Fund

Your closing funds—whether for appraisals, title insurance, or escrow fees—are non-negotiable. Using this money for anything else could cause delays or even make you lose your home. Keep these funds safe and ready for closing.

5. Thou Shalt Not Hide Debts or Liabilities on Thy Loan Application

Transparency is crucial. Lenders verify everything, and hiding debts or liabilities can derail your application. Always be honest to keep the process moving smoothly.

6. Thou Shalt Not Go on a Furniture Shopping Spree

As tempting as it is to furnish your new home, large purchases before closing can signal financial instability to lenders. Wait until after closing to indulge in your dream sofa or dining set.

7. Thou Shalt Not Open New Credit Accounts

Each new credit inquiry can hurt your credit score, and several inquiries during the mortgage process could impact your loan terms. Wait until after closing to open new accounts or take out new loans.

8. Thou Shalt Not Make Large Deposits Without Consulting Thy Loan Officer

Large, unexplainable deposits can confuse lenders and delay your loan approval. If you're expecting a gift or windfall, check with your loan officer first to avoid complications.

9. Thou Shalt Not Switch Banks

Changing bank accounts mid-process can complicate verification of your funds, causing delays. Stick with the same bank to keep everything running smoothly.

10. Thou Shalt Not Co-Sign for Anyone

Co-signing may seem like a nice gesture, but it increases your financial responsibility and can negatively impact your debt-to-income ratio. Wait until after closing to consider co-signing for anyone.

Houston’s real estate market is fast-paced and competitive, but it rewards those who come prepared. By following these Ten Commandments, you’ll position yourself as a strong buyer and avoid common pitfalls. I’m here to guide you every step of the way—from finding your dream home to handing over the keys.

Houston’s real estate market is dynamic and full of opportunity, but it rewards those who come prepared. By following these Ten Commandments, you’ll position yourself as a strong buyer and avoid the pitfalls that trip up many first-timers. As someone deeply rooted in Houston’s community and real estate scene, I’m here to help you every step of the way—from your first showing to handing over the keys.

Ready to make Houston your home? Reach out to me, Kayla Sorrell, at kayla@poprealty.com or call +1 (832) 979-0063. Follow Pop Realty on Facebook and Instagram for insider tips and market updates.

Your Houston home journey starts now—let’s make it unforgettable!