Buying Your First Home in Central Oregon: A Step-by-Step Guide

If you’re dreaming about owning your first home in Central Oregon — whether it’s a cozy cabin in Sisters, a modern townhome in Bend, or a starter home in Redmond — you’re not alone. Buying your first home is one of the most exciting milestones in life. But it can also feel overwhelming if you’re not sure where to start.

The good news? The process is more approachable (and affordable) than many people realize. Let’s break it down step by step and clear up one of the biggest myths that keeps first-time buyers on the sidelines.

Step 1: Get Pre-Approved for a Mortgage

Before you start touring homes, you’ll want to know how much you can comfortably afford. That starts with a mortgage pre-approval. A lender will review your income, credit, and financial picture to give you a price range — and having a pre-approval in hand shows sellers you’re a serious buyer.

💡 Pro Tip: You don’t need perfect credit to get approved. Many first-time buyer programs are designed for people just starting out.

Step 2: Understand Your Budget Beyond the Purchase Price

It’s not just about the monthly mortgage payment. You’ll also want to factor in property taxes, homeowners insurance, and possible HOA dues. A good real estate advisor (that’s me!) can help you estimate these costs early on so there are no surprises later.

Myth: “I Need 20% Down to Buy a Home.”

Reality: Many First-Time Buyers Put Down Far Less

One of the most common misconceptions is that you need a massive down payment — but that’s simply not true. While 20% is the traditional number you hear about, many first-time buyers put down as little as 3% to 5%. And there are even loan programs that require zero down for qualified buyers.

There are also down payment assistance programs available here in Oregon that can help bridge the gap, especially for first-time buyers and those with moderate incomes. These options can make homeownership possible much sooner than you might think.

Step 3: Start Touring Homes

Now for the fun part — house hunting! We’ll explore homes in the neighborhoods that fit your lifestyle and budget, from walkable downtown areas to quiet, scenic streets near trails and parks. As your agent, I’ll help you spot opportunities and negotiate the best possible deal.

Step 4: Make an Offer and Go Under Contract

Once you find the one, I’ll guide you through writing a competitive offer. If it’s accepted, we’ll enter the “under contract” phase, which includes inspections, appraisals, and finalizing financing. I’ll be by your side to make sure everything goes smoothly.

Step 5: Close and Get the Keys!

This is the big moment — signing the final paperwork, receiving the keys, and walking into your very own home. 🏡

You’re Closer to Homeownership Than You Think

Buying your first home is a big decision — but with the right guidance, it’s an exciting and achievable one. My job is to make the process simple, stress-free, and tailored to your goals.

📞 Ready to take the first step? Contact me today and let’s talk about your options. I’ll help you understand what you can afford, explore first-time buyer programs, and get you on the path to owning your own home in Central Oregon.