Decide how much you can afford. Typically, you can afford about 30% of your take home pay in mortgage payments each month.
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.
House Hunt. Visit as many houses as you want, but always remember your budget. Be realistic, and eventually, you will find the perfect home.
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.
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.”
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.