The first-time homebuyer's 90-day plan

A practical timeline for getting from browsing listings to a realistic offer.

David Krug

By David Krug, Head of Content

Reviewed by Annie Membreve, Head of Quality Control

Updated · 9 min read

Fact-checked
90days in the plan
3numbers to know first
1offer you can afford
In this guide

Buying a first home is a project with a deadline you choose. A 90-day plan keeps the process from turning into a year of open houses and anxiety.

Days 1 to 30: set the budget

Start with three numbers: the monthly payment you can comfortably afford, the cash you can put down without draining your emergency fund, and the total you are willing to spend on repairs in the first year.

Then talk to at least two lenders. Compare the interest rate, the annual percentage rate, the fees and the loan type, not just the monthly quote.

Days 31 to 60: shop with a shortlist

Pick three neighborhoods that fit your commute, budget and daily life. Visit at different times of day. Look at property taxes, insurance costs and the condition of the roof, heating and plumbing.

  • Keep a spreadsheet of every home you see.
  • Ask for utility costs and any recent repairs.
  • Do not fall in love before the inspection.

Days 61 to 90: make the offer

Your offer is more than the purchase price. It includes the closing timeline, contingencies, earnest money and requests for repairs. A good buyer's agent will explain the trade-offs before you sign.

The short answer

Buy the house you can afford to keep, not the one that stretches you to the edge of approval.

Common questions

How much should I put down?

Enough to keep your monthly payment comfortable and your emergency fund intact. Twenty percent avoids mortgage insurance but is not required for every loan.

Should I get pre-approved by more than one lender?

Yes, comparing at least two or three lenders can reveal different rates, fees and loan options.

Sources

This guide draws on public data, accreditor directories and our own interviews.

  • Consumer Financial Protection Bureau, homebuying guides
  • Fannie Mae, homebuyer education resources
Was this guide helpful?Your feedback shapes what we update next.
David Krug

About the author

David Krug

David leads the RaveReviews editorial team, turning research into clear comparisons and useful guides. He oversees content strategy, testing standards and the final read on every ranking.

Editorial standards·Contact the desk

Keep reading

More guides for the decision in front of you.

All guides
Education guideHow to choose an online college that employers actually respect12 min readRead the guide Money guideThe 50/30/20 budget is fine. Here's when to break it.8 min readRead the guide Insurance guideWhat car insurance actually covers, and the gap most drivers miss10 min readRead the guide