Your First Home: How To Buy a House For First-Time Home Buyers

Stacie Rihl | First-Time Homebuying Expert
  • 5.0 (20)
  • How To
  • Updated Weekly

Welcome to Your First Home Podcast - I'm your host and homebuying expert Stacie Rihl and I've spent the last 8 years helping first-time homebuyers like you make their dreams of owning a home reality. Buckle up, because we're about to demystify the process and learn everything we should have been taught in school about the biggest and most exciting purchase you'll ever make. Your first home.

  1. 5d ago

    50. The Tax Benefits of Buying a House in 2026: What Homeownership Actually Saves You at Tax Time

    If you've heard that owning a home comes with big tax write-offs, the real answer is more nuanced than that. I'm breaking down exactly what's tax deductible when you own a home (mortgage interest, discount points, and property taxes) plus the 2026 SALT cap change that just raised how much homeowners can deduct. I'll also walk through the difference between itemizing and taking the standard deduction, and why I don't think you should buy a house for the tax benefits alone. Quick disclaimer: I'm not a tax professional or CPA. This is general education, not tax advice. Talk to an accountant about your specific situation. Ready to take the first step of finding your first home? Connect with a FAME agent in your area (it's free!) WHAT YOU'LL LEARN TODAY: The two main categories of homeowner tax deductions: mortgage interest and property taxes How discount points and home equity line of credit interest can also count as deductions What changed with the 2026 SALT cap (property tax deduction limits went up under the "Big Beautiful Bill") The difference between the standard deduction and itemizing — and how to know which one actually saves you money Why your Form 1098 matters at tax time and where to find it Why I don't recommend buying a home based on the tax benefits alone RESOURCES MENTIONED: Connect with a FAME agent in your area (free) Free homebuying masterclass How much house can I afford? Workbook CONNECT WITH ME: Follow me on Instagram Visit my website CHAPTERS: 00:00 — What tax benefits do you actually get from buying a house? 01:26 — The two types of homeowner tax deductions: mortgage interest and property taxes 02:10 — How mortgage interest and amortization work (and why it's deductible) 04:29 — Property taxes and the new 2026 SALT cap change 06:03 — Standard deduction vs. itemizing, explained with real numbers 08:48 — Where to find your Form 1098 09:17 — Why I wouldn't buy a house for the tax benefits alone

  2. Sep 2

    49. How Much Should You Have Saved Before You Start Looking to Buy Your First Home?

    Most first-time buyers think the minimum down payment is all they need saved before they start touring homes… but that's only half the number. In this episode, I'm breaking down exactly how much you need for your down payment, your closing costs, and the buffer you'll want after closing, using real dollar examples so you know your actual savings target before you start house hunting. Ready to take the first step of finding your first home? Connect with a FAME agent in your area (it's free!) WHAT YOU'LL LEARN TODAY: Why 3% down doesn't mean you only need 3% of the purchase price saved to start looking The real dollar breakdown of down payment plus closing costs on a $400,000 home When a seller assist can let you finance closing costs instead of paying them upfront, and when it won't fly in a competitive market Why a lower down payment means a higher monthly payment (and how that affects what you can actually afford) How much to set aside after closing for repairs, updates, and a real emergency fund The one question to answer before you ever calculate a down payment: what monthly payment you're actually comfortable with RESOURCES MENTIONED: Connect with a FAME agent in your area (free) Free homebuying masterclass Fannie Mae closing costs calculator Zillow mortgage payment calculator CONNECT WITH ME: Follow me on Instagram Visit my website CHAPTERS: 00:00 — How much money do you need saved before house hunting? 00:46 — Window shopping vs. serious shopping (and why pre-approval comes first) 02:44 — The minimum down payment: 3% and what it actually gets you 04:04 — Figure out your monthly payment comfort zone first 05:08 — Closing costs: the number most buyers forget to save for 08:37 — What to set aside after closing: repairs, updates, and your emergency fund

  3. Aug 26

    48. Buying a House in the Next 6-12 Months? Here's Exactly Where to Start.

    If your goal is to buy a house in the next six to twelve months, you've probably wondered whether you're supposed to get pre-approved first or start touring homes first... and most people freeze right there. I'm walking through exactly what to do at 12 months out, 6 months out, and 3 to 4 months out, from researching neighborhoods and setting your search criteria to connecting with a realtor and lender. By the end, you'll know exactly where you are in the process and what to do next. Ready to take the first step of finding your first home? Connect with a FAME agent in your area (it's free!) WHAT YOU'LL LEARN TODAY: Why most people who "just start looking" on Zillow end up wasting months chasing homes outside their budget How to research neighborhoods and price ranges before you ever tour a house The difference between must-haves, nice-to-haves, and deal breakers, and how to build your list before you start touring When to actually connect with a realtor, and what to look for Why getting pre-approved is a process, not a one-time conversation, and when to start it The realistic timeline from finding a house to closing, including how your state affects it How open houses can save you months of wasted time once you're seriously looking RESOURCES MENTIONED: Connect with a FAME agent in your area (free) Free homebuying masterclass Episode 33: How to Set a Realistic Budget for Your First Home (Without Going House Poor) CONNECT WITH ME: Follow me on Instagram Visit my website CHAPTERS: 00:00 — Where do you start if you want to buy a house in 6–12 months? 01:30 — The research phase: what to do about a year out 02:11 — Why you should check home prices online before you start touring 05:00 — Open houses: the low-pressure way to test your assumptions 06:03 — Deciding on a location before you fall in love with a house 09:42 — Building your must-haves, nice-to-haves, and deal breakers list 12:23 — When to connect with a realtor and a lender (6 months out) 16:15 — Getting pre-approved and starting your home tours (3–4 months out)

  4. Aug 19

    47. Home Inspection Red Flags Every First-Time Home Buyer Need to Know, with James Lee

    When you're touring homes for the first time, it's easy to get caught up in the staging and the kitchen and start mentally moving in before you've even left. But there are things you should be paying attention to that most first-time buyers completely miss. In this episode, I sit down with home inspector James Lee of GBG Inspection to talk about the red flags you can spot during a tour, why mold is his biggest deal-breaker, what most people get wrong about new construction, and how to find an inspector who actually does the job right. Ready to take the first step of finding your first home? Connect with a FAME agent in your area (it's free!) WHAT YOU'LL LEARN TODAY: The first things to look for when you walk into a house, including signs of water damage, ceiling discoloration, and fresh paint that might be hiding something Why mold is one of the biggest deal-breakers for a home inspector and how to spot (and smell) the signs during a tour The big-ticket items that determine whether a home is worth it: roof, foundation, HVAC, and their life expectancies How to use data plates on your AC unit, water heater, and major systems to find out how old they are Why new construction homes aren't automatically problem-free, and the quality control issues inspectors find regularly, including water leaks and mold in brand-new builds The three phases of new construction inspections: pre-pour, pre-drywall, and final, and why skipping them can cost you How to evaluate a home inspector before you hire one, including the one thing you should always ask for Maintenance tips for after you buy: when to recaulk, when to check the roof, and how often to schedule follow-up inspections RESOURCES MENTIONED: Connect with a FAME agent in your area (free) Free homebuying masterclass Episode 30: 7 Best Pieces of Advice and Tips for First-Time Homebuyers James Lee / GBG Inspection: Instagram (@homeinspectorjams) | Website CONNECT WITH ME: Follow me on Instagram Visit my website CHAPTERS: 00:00 — Meet James Lee: home inspector and new construction specialist 01:07 — Red flags to watch for when you're touring a home for the first time 02:47 — How to spot water damage: ceiling stains, discoloration, and fresh paint 04:42 — Non-negotiable deal-breakers: mold, foundation, roof, and HVAC 07:05 — Flip houses vs. older homes: what to expect and how to budget 08:10 — New construction isn't always better: quality control issues inspectors find regularly 11:13 — The three phases of new construction inspections and what each one catches 12:43 — How to choose a home inspector: the one question to always ask 14:26 — Common issues first-time buyers miss (and which cracks actually matter) 16:42 — Home maintenance after you buy: filters, caulking, roof checks, and follow-up inspections 19:20 — Final advice: don't fall in love before the inspection

  5. Aug 12

    46. Can You Buy a House With Student Loans? What First-Time Buyers Actually Need to Know

    Student loan debt is one of the biggest reasons first-time buyers assume they can't qualify for a mortgage… but the data says otherwise. One-third of first-time homebuyers in 2025 had student loan debt when they closed (and I'm one of them). In this episode, I'm breaking down exactly how lenders calculate your student loan payment for approval, whether you should pay off your loans before buying, and how to run the debt-to-income numbers yourself before you ever talk to a lender. Ready to take the first step of finding your first home? Connect with a FAME agent in your area (it's free!) WHAT YOU'LL LEARN TODAY: Whether student loan debt actually disqualifies you from buying a home (33% of 2025 first-time buyers had it and still closed) How lenders calculate your student loan payment for pre-approval, even if you're on an income-based repayment plan, in deferment, or in forbearance The exact debt-to-income ratio math lenders use, with a real dollar example you can run with your own numbers Why low down payment options like 3% down for first-time buyers matter even more when student debt is part of the picture How to decide whether to pay off your student loans first or put that money toward a down payment instead The interest rate comparison that tells you which option actually saves you more money Why a free conversation with a local lender is the fastest way to get a real answer RESOURCES MENTIONED: Connect with a FAME agent in your area (free) Free homebuying masterclass Episode 34: How Much of Your Income Should You Spend on a House? Budgeting Formulas for First-Time Buyers Zillow mortgage payment calculator CONNECT WITH ME: Follow me on Instagram Visit my website CHAPTERS: 00:00 — Can you buy a house with student loan debt? 01:00 — What the data says: 33% of 2025 first-time buyers had student loans 02:04 — How lenders calculate your student loan payment for pre-approval 04:15 — The debt-to-income ratio math (with a real dollar example) 07:07 — Should you pay off your student loans before buying a house? 08:57 — What you can actually afford (budgeting beyond your pre-approval number) 10:19 — Your next step: connecting with a FAME agent

  6. Aug 5

    45. How to Shop for a Mortgage Lender (And Save $60,000 on Your First Home)

    Most first-time homebuyers only talk to one lender, and it's one of the most expensive mistakes you can make. Research shows that shopping around for mortgage lenders can save you over $60,000 across a 30-year loan, and the process is a lot simpler than most people think. In this episode, I share my insider perspective as a former mortgage loan officer and break down exactly how to compare lenders, what to look for beyond the interest rate, and how to use competing quotes to negotiate a better deal, without hurting your credit score. Ready to take the first step of finding your first home? Connect with a FAME agent in your area (it's free!) WHAT YOU'LL LEARN TODAY: Why the difference between a 6.5% and 7% interest rate costs you $47,000 over 30 years (and $133/month) How to get pre-approved with multiple lenders within the 14-day credit pull window so it only counts as one inquiry What to look for on a closing cost estimate beyond the interest rate, including lender fees and points How some lenders advertise low rates that actually come with thousands in hidden upfront costs When you can (and can't) lock in your interest rate, and how the loan estimate protects you after you're under contract How to take a better quote from one lender and ask another to match it, and what lenders will actually do when you ask Why an experienced agent's lender recommendations are one of the most underrated advantages in the home buying process RESOURCES MENTIONED: Connect with a FAME agent in your area (free) Free homebuying masterclass Mortgage News Daily — current mortgage rates CONNECT WITH ME: Follow me on Instagram Visit my website CHAPTERS: 00:00 — Why shopping for lenders can save you $60,000 on your mortgage 01:02 — Stacie's insider perspective as a former mortgage loan officer 03:05 — Shopping for a mortgage is just like shopping for a car — here's how 04:04 — Why a low rate means nothing if the lender can't get you to closing 05:12 — The 14-day credit pull window: how to compare lenders without hurting your score 07:24 — Why you should get all of your pre-approvals in the same week 08:04 — How to read a closing cost estimate and spot hidden lender fees and points 11:05 — When to lock your rate and how the loan estimate protects you 13:09 — How to negotiate by showing one lender a better quote from another

  7. Jul 29

    44. How to Sell Your First Home and Buy Your Next One (3 Strategies Explained)

    What happens when you outgrow your first home and you're ready for the next one? Even if you've been through the buying process before, selling and buying at the same time brings a whole new set of decisions, and the order you do things in matters more than most people realize. In this episode, I walk through the three main strategies for making the move: buying first then selling, selling first then buying, and doing both at the same time. I also break down the one financial question that determines your entire game plan, how to calculate what you'll actually walk away with when you sell, and the timeline to keep in mind so you're not scrambling. Ready to take the first step of finding your first home? Connect with a FAME agent in your area (it's free!) WHAT YOU'LL LEARN TODAY: The three strategies for buying your next home and selling your current one, and the tradeoffs of each Why buying first is the easiest option but comes with the risk of carrying two mortgage payments How a sale contingency works and why it depends on your local market conditions The one question to ask a lender before you do anything: can you qualify to carry both mortgages? How to calculate your home equity after closing costs (and why seller costs are higher than you think) What your agent will walk through with you to get your home ready to sell for the highest price Why starting 6–12 months before your ideal move date gives you the most flexibility RESOURCES MENTIONED: Connect with a FAME agent in your area (free) Free homebuying masterclass CONNECT WITH ME: Follow me on Instagram Visit my website CHAPTERS: 00:00 — What happens when you're ready to buy your second home 01:07 — The three strategies: buy first, sell first, or do both at once 02:40 — Strategy 2: Sell first and rent or stay with family temporarily 02:58 — Strategy 3: Close on both the same day with a sale contingency 04:31 — The first question to answer: do you need to sell in order to afford the next home? 06:40 — How to calculate what you'll actually walk away with after selling 09:02 — What the selling timeline looks like from listing to closing 12:26 — Why starting early gives you the most options

  8. Jul 22

    43. What Are the Requirements to Buy a House in 2026? A First-Time Homebuyer's Checklist

    If you've been wondering whether you're actually in a position to buy a house, this episode will make it clear. There are four main things lenders look at when you apply for a mortgage (your savings, your income, your debt-to-income ratio, and your credit score) and most first-time homebuyers overestimate how much they need for each one. Stacie walks through the real numbers for a conventional loan, including where your down payment and closing costs can come from, what lenders consider "consistent income," and the credit score thresholds that affect your interest rate. Ready to take the first step of finding your first home? Connect with a FAME agent in your area (it's free!) WHAT YOU'LL LEARN TODAY: The minimum down payment for a conventional loan as a first-time buyer, and how closing costs add to what you'll need saved How seller's assists work and when you might be able to negotiate closing costs into the purchase price Four places your down payment can come from, and the documentation lenders require for each What "consistent income" actually means to a lender, whether you're salaried, hourly, commission-based, or self-employed How your debt-to-income ratio determines your price range and why lenders care about your monthly payments more than your total balances The credit score you need for a conventional loan, the score that unlocks the best interest rate, and what happens if yours falls short The documents lenders ask for during pre-approval, and what they're actually verifying with each one RESOURCES MENTIONED: Connect with a FAME agent in your area (free) Free homebuying masterclass Closing costs calculator (Fannie Mae) Episode 2: Don't Buy a House Until You Know About These Red Flags with Home Inspector Vince Tecce Episode 19: Is an FHA Loan Right for You? What First-Time Buyers Need to Know Episode 33: How to Set a Realistic Budget for Your First Home (Without Going House Poor) Episode 34: How Much of Your Income Should You Spend on a House? Budgeting Formulas for First-Time Buyers CONNECT WITH ME: Follow me on Instagram Visit my website CHAPTERS: 00:00 — What are the actual requirements to buy a house in 2026? 00:50 — Conventional loans: 3% minimum down payment for first-time buyers 02:15 — Closing costs, seller's assists, and the real minimum you need saved 03:44 — Four places your down payment and closing costs can come from 05:16 — What lenders mean by "consistent income" (salaried, hourly, self-employed) 06:28 — Debt-to-income ratio: the number that determines your price range 08:08 — Credit score requirements and the threshold for the best interest rate 08:45 — The documents lenders need during pre-approval 09:26 — Your next steps if you meet the requirements

See All (51)

Trailer

5
out of 5
20 Ratings

About

Welcome to Your First Home Podcast - I'm your host and homebuying expert Stacie Rihl and I've spent the last 8 years helping first-time homebuyers like you make their dreams of owning a home reality. Buckle up, because we're about to demystify the process and learn everything we should have been taught in school about the biggest and most exciting purchase you'll ever make. Your first home.

Information