As I known, the main roadblock when buying house is cash. Before you looking for a housing loan, make sure that you handle your income and current expenses very well. This is the basic information that you should know you are get ready to buy your first home. Normally, I will consider the factors as below:
1. Down Payment
Normally, down payment of 10-20% will make you easier to qualify for a housing loan in today’s market. If you don’t have much money for your down payment then you still can find other program that does not require you to put down payment. But, you have to have good credit so later time you won’t have any financial crisis.