5 Things First-Time Homebuyers Should Know Before Shopping in Spokane

Buying your first home is exciting — but Spokane’s market can feel overwhelming if you’re not prepared. Here are the five things I want every first-time buyer to know before they start touring homes.

1. Get pre-approved before you browse.
   In a competitive market, sellers want to see that you’re serious. A strong pre-approval also helps you shop confidently within your real budget.

2. Know your down payment options.
   You don’t need 20%. Options like FHA, VA, USDA, and even 3% down conventional loans are available for many buyers.

3. Factor in closing costs.
   Closing costs in WA/ID can range from 2–3% of the purchase price. There are strategies to lower or roll them in.

4. Understand monthly affordability.
   Your home payment includes more than just the mortgage — taxes, insurance, and potential HOA dues need to be included.

5. Work with a local lender who knows the Spokane market.
   Online lenders can’t compete with local insight, fast communication, and community-level service.