We’ve created resources in our Home Loan Guide for people thinking about buying. For new buyers, these can help answer some of the most important questions. For example, first-time homebuyers will want to think about how much savings they need. One recommendation is to keep your monthly payment to one-third of your monthly income. The buying process may include closing costs and a down payment. The down payment will depend on many factors, including loan program, help from relatives and whether or not you qualify for down-payment assistance. Your local loan officer will be able to guide you through these matters. After you’ve talked with a loan officer and are preapproved, you’ll want to decide how much you want to borrow, what features are must-haves and where you want to live. Our online resources and our loan officers are available for guidance any time.