How to Buy a House Within 9 Months?

Posted: 2/1/2021 | Read Time: 3min
Last Updated: 9/11/2021

It’s an exciting time in your life. You’ve put in the hours and have done the hard work.  You’ve even managed to save some money. Now you are ready to purchase a home. But, how do you buy a house?

One’s desire to purchase a new home is a key factor in determining how long it will take and how stressful it will be. Using OPK is huge and will help you navigate the homebuying process with ease. What is OPK? Other People’s Knowledge, like ours. Here’s everything you need to know about how to buy a house within nine months.

 

How to Buy a House: 6-9 Months To Go

Timing is everything and now that you have decided to buy a house, it’s time to take a look at the requirements to help you answer the question, “how do you buy a house?” The biggest and most obvious requirement is lending. Working with a reliable lender to obtain pre-approval status is the first step to buying a house within nine months. Mortgage lenders will be your source of money when purchasing a new home and going through this process with a direct mortgage lender will save you time and money as it avoids any hidden fees.

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After working with a lender to get a pre-approval letter, you will have a much better understanding of just how much house you can afford.  You will know the current home mortgage rates along with the rate associated with your loan. Getting your financing in order will ensure you are well on your way to homeownership sooner rather than later. To understand where current rates are today, take a look at this mortgage rates chart. 

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How to Buy a House: 3-6 Months to Go

After you obtain financing and know just how much you can afford to spend on a house, it’s time to get your down payment in order. This will ensure there’s no downtime when house hunting.

 

The amount of your down payment can change your monthly mortgage amount and can even be the difference between having to purchase costly mortgage insurance. Use this simple mortgage calculator to help you better understand just how much each house will cost every month. Then, you can determine the location, size and price of the home you want and get your down payment ready.

 

How to Buy a House: Less Than 3 Months to Go

At this point, you are about three months away from owning your new home. Financing is secured and you have a down payment prepared. You are in excellent shape to take action. It’s time to narrow down the search parameters for that perfect house and let the home search begin. Start by looking at listings online and visiting a few open houses. Allow yourself time to find exactly what you want and need.

 

Once you locate your dream home, you will put in an offer. There will likely be price negotiations that take place, along with negotiations for the purchasing terms. While the time for this varies, you are still well on your way to buying a home within nine months. Once your offer is accepted, the escrow process takes place. This typically takes 30-45 days. Once complete, you will close on your home and get the keys. Congratulations on becoming a successful and happy homeowner.

 

There’s no doubt that buying a house is an exciting time in your life. To help make it easier for you, we have compiled a list of the most frequently asked mortgage questions. At Wyndham Capital, we are here to help you throughout the process of buying a home within nine months.


Maggie joined the Wyndham Capital Mortgage team in November 2020 as a Content Strategist. She has more than six years of content creation experience, which includes launching WBTV’s digital brand Queen City Weekend (now QC Life) and garnering more than 1.1 million page views across her articles. With a love of storytelling, she hopes to bring that passion to WCM and the many families it serves. She resides in Charlotte, North Carolina, and can often be found at a coffee shop, latte in hand.

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