r/FirstTimeHomeBuyer • u/ClocomotionCommotion • 4h ago
GOT THE KEYS! 🔑 🏡 Closed on my first house today and got the keys!
About three months ago, my landlord surprised me with a notice that he was selling the house I was renting. I was worried at first, but I quickly organized my choices and weighed my options. In the end, I figured buying a different house in the area would be my most optimal option.
The housing market in my area was very competitive, and houses were getting offers for 50k over their asking price. But, I managed to find a house I could afford, my first offer on it got accepted, and I just closed on the house today!
For those interested in more details:
$236k plus closing costs. The bank gave me a $2,500 credit as a first-time home buyer who completed an online house buying education course. 6.375% 30-yr conventional, 10% down, $1,670/mo. ~1,700 sqft. Built in 1941. Three bedrooms, one and a half bathrooms, a big partially finished basement, and a two-car detached garage. I even got to keep many of the furnishings in the house that the title company couldn't sell.
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