Real Estate 101: What Every First-Time Homebuyer Needs to Know (Faith-Filled Guide for Families)
You Can Own a Home—With Faith, Knowledge, and a Plan
Buying your first home can feel like stepping into the unknown. Between credit scores, down payments, and confusing real estate terms, it’s easy to feel intimidated or disqualified. But here’s the truth: with preparation, knowledge, and unwavering faith, homeownership is not only possible—it’s within reach.
At Divine Impact Venture Enterprises, LLC, we believe that families deserve access to safe, affordable housing that reflects their dignity and God-given worth. Whether you're just starting your journey or on the verge of buying, this guide will help you navigate the process with confidence and clarity.
"For we live by faith, not by sight." – 2 Corinthians 5:7
Who This Guide Is For
First-time homebuyers seeking clarity and direction
Low- to middle-income families in Brevard County and beyond
Individuals with limited credit or financial resources
Faith-filled families ready to walk boldly toward homeownership
Step 1: Strengthen Your Financial Foundation
Before shopping for homes, it’s crucial to build a solid financial base.
Checklist:
Check your credit score and report (free via AnnualCreditReport.com)
Start reducing existing debt
Build an emergency savings fund (ideally 3-6 months of expenses)
Set a realistic budget for your future mortgage
Pro Tip: Lenders often look for a debt-to-income ratio (DTI) of 36% or lower.
Faith Reminder: "The wise store up choice food and olive oil, but fools gulp theirs down." – Proverbs 21:20
Step 2: Get Pre-Approved for a Mortgage
Pre-approval helps you understand what you can afford and shows sellers you're serious.
You'll Need:
Recent pay stubs
Tax returns (last 2 years)
Bank statements
Proof of employment
Explore options like:
FHA Loans (great for low credit scores or small down payments)
USDA Loans (ideal for rural areas)
VA Loans (for eligible veterans)
NACA
Faith Reminder: "Commit your work to the Lord, and your plans will be established." – Proverbs 16:3
Step 3: Know What You Want (And What You Need)
Make a list of non-negotiables vs. nice-to-haves:
Must-Haves:
Number of bedrooms/bathrooms
Safe neighborhood
School district proximity
Nice-to-Haves:
Big backyard
Updated kitchen
Extra storage
Skimmable Tip: Use online real estate platforms (like Zillow or Redfin) to research neighborhoods, home values, and crime rates.
Step 4: Work with a Trustworthy Real Estate Agent
A good agent will:
Advocate for your needs
Help you understand the paperwork
Negotiate on your behalf
At Divine Impact Venture Enterprises, LLC, we aim to partner with purpose-driven professionals who operate with integrity and heart. We understand the journey because we've walked it too.
Faith Reminder: "Plans fail for lack of counsel, but with many advisers they succeed." – Proverbs 15:22
Step 5: Don’t Fear the Inspection or Appraisal
This part of the process ensures the home is worth the investment and in livable condition.
Be Prepared For:
A home inspection report (may reveal needed repairs)
An appraisal (required by your lender to confirm home value)
If issues arise, don’t panic—you may be able to renegotiate or request seller fixes.
Step 6: Close with Confidence
Once everything checks out, you’ll sign closing documents, pay your down payment and closing costs, and get the keys!
Faith Reminder: "Be strong and courageous. Do not be afraid...for the Lord your God goes with you." – Deuteronomy 31:6
Celebrate this new chapter. You’re not just buying a house—you’re building a legacy.
Recap: Key Takeaways
Start with a budget and credit check
Get pre-approved early
Prioritize your needs in a home
Partner with a faith-aligned real estate expert
Trust God through every step
Need Help Getting Started?
Connect with a local real estate agent who has the same core values as yourself.
We want to help make your dream a reality.
Have questions or want to share your story? Drop a comment below or contact us at www.divineimpactrealty.com. We’d love to hear from you!
