Preparing to Purchase a Home
Steps to Buying Your First Home
Posted by on December 5, 2025
At Skyward Credit Union, we understand that the home buying process can be overwhelming. From the beginning of your home search to the moment the keys are placed in your hands, we're with you every step of the way. Our mortgage specialists will guide you with all the information you need, whether you're exploring Conventional, FHA, VA, or USDA Rural Development loans. Best of all, pre-approvals are free!
Tips to Prepare for Homebuying
Ready to purchase a house, or still weighing your options? Here are a few essential tips to help you get started for this important milestone:
1. Check your credit and improve your score.
Check your credit at least six to twelve months before purchasing a home. This gives you time to improve a low credit score if needed. Your credit score determines your mortgage eligibility and influences your interest rate.
2. Save for a down payment.
While conventional wisdom suggests a 20% down payment to avoid mortgage insurance, most mortgage programs require only 3% to 5% down. Keep in mind you'll also need funds for closing costs, which typically range from 2% to 5% of the loan amount. As an added benefit, eligible members of Skyward Credit Union's Aviation Honors Program can receive a $300 credit towards closing costs.
3. Determine your home buying budget.
Before meeting with a lender, use an online mortgage calculator to estimate what you can afford. Understanding your budget early helps you house hunt more effectively and calculate the down payment you' II need.
4. Research loan programs and don't rush.
Buying a home is one of the biggest decisions you'll make. Even in fast-paced markets where homes sell quickly, avoid letting pressure persuade you to make hasty decisions. Taking time for home inspections and comparison shopping can save you money and prevent surprises down the road.
5. Get pre-approved
When you're ready to start your home buying journey, apply online or visit us in person at any Skyward Credit Union branch to get pre-approved before you begin house hunting. For a rate estimate specific to you, call our mortgage specialists at 316.440.9690. We're here to guide you through the process and make your home purchase as smooth as possible.