First-Time Home Buyer Checklist for Lubbock

Start with a comfortable ownership budget

Before selecting homes, write down your available cash, intended move date, and a monthly budget that leaves room for your other commitments. Include taxes, insurance, utilities, maintenance, and any association costs alongside the mortgage payment. Keep the cash needed for closing separate from money reserved for repairs and moving.

Compare written financing information

The CFPB homebuying resources explain loan shopping and the documents used during the process. Ask lenders to explain the rate, fees, mortgage insurance, cash to close, and payment assumptions in their written estimates. A pre-approval helps frame the search; it does not replace final lender approval of the borrower and property.

If assistance could help, review TSAHC’s current loan and down-payment programs with a participating lender. Eligibility, availability, and repayment terms depend on the program and your circumstances.

Turn your priorities into a useful shortlist

Separate requirements from preferences. Compare addresses for commute, property condition, layout, and ongoing costs. Use our Lubbock area guides as a starting point, then verify the facts that matter at each property. School attendance must be confirmed with the district rather than inferred from the listing’s neighborhood label.

Keep a record during tours

Use the same notes for each home: asking price, location, layout, visible concerns, known improvements, and questions to resolve. Photographs and a written checklist help you compare homes after several visits. Avoid assuming that fresh paint or a renovated kitchen means all major systems were updated.

Understand the offer and inspection timeline

Discuss price, financing, deadlines, inspections, and proposed possession with your agent before signing. Arrange suitable inspections and obtain estimates for material concerns while you have time to evaluate them. Track the agreed dates in one place and ask questions before a deadline passes.

Prepare for the final steps

Review the lender’s final documents, verify payment instructions through a known contact, and arrange the final walkthrough and utility changes. Keep copies of the closing records and inspection information for future maintenance.

Start with buyer guidance from Christopher Brooks, or browse current homes once your search criteria are ready.