Buyer Guide
A practical guide for Houston buyers who want to understand financing, tours, inspections, offers, earnest money, down payment, and closing before making a move.
Loan Options Explained
FHA Loan
An FHA loan is backed by the Federal Housing Administration and is often used by buyers who want a lower down payment or need more flexible credit guidelines.
Conventional Loan
A conventional loan is not government-backed and can fit buyers with solid credit, stable income, and funds for down payment and closing costs.
VA Loan
A VA loan is available to eligible veterans, active-duty service members, and certain surviving spouses, with strong benefits for qualified buyers.
Standard Purchase Timeline
- Pre-approval and budget conversation
- Home search and showings
- Offer strategy and contract
- Earnest money and option fee deadlines
- Inspection and repair/credit negotiations
- Appraisal and underwriting
- Final walk-through, closing, funding, and keys
Inspection, Earnest Money & Down Payment
Inspection
A home inspection helps you understand roof, HVAC, plumbing, electrical, foundation, drainage, appliances, and safety concerns before your option period ends.
Earnest Money
Earnest money is a good-faith deposit held by the title company and usually credited back to you at closing if the transaction closes.
Down Payment
The down payment is buyer money applied toward the purchase price. It is separate from closing costs, option fee, inspections, and prepaid items.