Steps Every First-Time Homebuyer Should Take: From Pre-Approval to Closing

Buying your first home is a big milestone. If you're buying in Wisconsin, you might feel unsure about where to start, but with a good plan and the right team by your side, the process doesn’t have to feel overwhelming.

Here’s a simple, step-by-step guide to help you understand what to expect.

Step 1: Get Pre-Approved

Before you start looking at homes, get pre-approved by a lender. This tells you how much you can afford and shows sellers you're a serious buyer.

Right now, interest rates in Wisconsin are around 6.8%, so knowing your budget early can help you avoid surprises.

Use our Mortgage Calculator to estimate your monthly payment.

Step 2: Prepare Your Documents

Your lender will ask for some basic paperwork to get the loan process started. Be ready with:

• Recent pay stubs

• Tax returns

• Bank statements

• A valid photo ID

  
  

Having everything ready up front will help things move faster when working with Team DG.

Step 3: Start House Hunting

Now comes the exciting part: looking for the right home.

Your real estate agent will help you:

• Find homes that fit your budget

• Write a competitive offer

• Negotiate terms that work for you

Be sure to factor in property taxes, homeowners' insurance, and other costs when thinking about your monthly payment, not just the mortgage.

Step 4: Make an Offer and Lock In Your Rate

Once you find a home you love and your offer is accepted, your lender will help you:

• Lock in your interest rate

• Finalize your loan paperwork

• Schedule the appraisal and home inspection

If rates go down later, you can always explore refinancing in Wisconsin to lower your monthly payment.

Step 5: Close on Your New Home

At closing, you’ll sign the final documents, pay any closing costs, and officially become a homeowner.

Then it’s time to walk into your new home with the keys in hand.

Ready to Take the First Step?

Whether you're just starting to explore or ready to move forward, Team DG at Epic Mortgage is here to help guide you every step of the way.

Start by getting in touch with us here, or try our Mortgage Calculator to explore what fits your budget.