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Step 3. Steps to Homeownership

STEP 1 
Decide how much you can afford. Typically, you can afford about 30% of your take home pay in mortgage payments each month.

STEP 2
Apply for a Pre-Approval. Most lenders offer pre-approvals, and Capitol Federal® makes it easy with online applications at capfed.com. The pre-approval letter will tell you exactly how much money you will be able to receive from the Bank and also will show motivation when putting in an offer.

STEP 3
House Hunt. Visit as many houses as you want, but always remember your budget. Be realistic, and eventually, you will find the perfect home.

STEP 4
Make the Offer. You might end up making several offers, or even going back and forth with the same house. Just remember, only offer what you feel comfortable paying.

STEP 5
Let the Inspectors go to work. A complete house inspection is important. This will tell you if anything is really wrong with the foundation, electrical or plumbing and safeguard you against “buying a lemon.”

STEP 6
Time to close. If you made it through every other step, then it’s time to head to the Bank and sign the paperwork. Congrats! You just bought a house you can call your own.

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