How to Buy a Home | Infographic by Amplify Credit Union
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How to buy a house

Financial Advice


Articles and research about home buying

How to plan for buying your first home

Financial Advice


Articles and research about home buying

How to Buy a Home - Infographic

Published September 19, 2016

your first home


Step by step

Before you start


The Score

Get your credit in shape

This can take time, so start as much as a year in advance. Same goes for any co‑borrower on the loan.


Pick a price

your first home

Make sure you don’t go house-broke –

Use a mortgage calculator to see what you can afford—include escrow, maintenance and repairs, and possible PMI or home owners association fees.


Save for the down payment

your first home

Cash up front helps

Secure a better mortgage products, lower your payments & make stronger offers in a competitive market like Austin.

House Hunting


Make the list

prioritize home features

Identify what is needed, wanted & nice to have. And separate things that are needed today versus potential improvements you would be willing to do in the future.


Get Local

Learn the market

Identify locations that deliver what’s important to you. Then adjust your expectations for what size and styles of home your budget can afford in your desired neighborhoods.



Get a good agent

A good realtor is not a sales person. Their job is to help you negotiate one of the biggest financial and legal dealings most people ever make.


Get money

Find a lender and get pre-qualified

Pre-qualification helps you know what you can afford, makes it easier to negotiate when you decide to make an offer and simplifies the process for obtaining final loan approval once you’ve got a contract.



Find your home

In Austin, you need to act quickly. Rely on your list of “needs” to help stay focused and confident about finding the right home for you.

Buying your home


Finding the one

Bidding Process & making an offer

Work with your realtor to make a competitive offer and don't be surprised to receive counter offers. Make sure not to stretch your financial limits or give up important protections as you enter the option period.


safety first

Offer Acceptance / Option Period

In Texas, you have 10 day option period  after offer acceptance for a qualified home inspector to evaluate the condition of the house. This protects you from buying a home with hidden problems.

This is also the time to contact your lender for final loan approval.


in closing

taking possession

Once you obtain final loan approval, close your loan, and receive the keys to your new home

You just bought your first home!


Amplify Credit Union

We're Here to Help

Amplify Credit Union in Austin, TX offers a full array of banking services to help you achieve your financial goals:

Mortgage Loans

Home Equity Loans

Homeowner Express Loans

Money Market Accounts

Certificates of Deposit (CD)

Personal Loans

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