The homebuying process may look different for individual homebuyers—but, with the right timeline, you can make the transition smoother than you think.
If you’re looking to buy your first home, it’s likely something you’ve been thinking about for a long time. But here’s a real-life, 6-month plan giving you a step-by-step roadmap to go from renter to first-time homeowner.
Start by reviewing your current lease to check the end date and understand notice requirements.
Next, pull your credit report—most mortgage programs prefer a score of 620 or higher. Review your monthly spending to understand what mortgage payment you can comfortably afford (traditionally 28–30% of your monthly income). Start saving for your down payment (as low as 3–5% for many loans), closing costs (roughly 2–3% of the purchase price) and moving expenses.
HOT TIP: Ideally you should save for an additional small buffer to cover any potential overlap.
Now comes the exciting part: finding your future home. Visit Lennar communities in your target areas, tour model homes and see which floorplans have the features you want.
A New Home Consultant can help you select the right floorplan and homesite for your lifestyle. Lennar offers quick move-in homes, ready within weeks, and a variety of plans with scheduled completion dates. After finding the right home, you can connect with the team at Lennar Mortgage to see if it fits your budget.
HOT TIP: Explore financing options and first-time buyer programs during the typical 30–60 day underwriting timeline.
At this stage, you’ll complete the financing paperwork, submit any required documentation and prepare for the move. You should plan for a brief rent and mortgage overlap and even temporary storage in case of gaps or delays.
The last month before closing, you’ll finalize the mortgage application paperwork and complete the underwriting process. Then, tour your home during the pre-closing walkthrough and address any final items.
After months of preparation, you've made it! Closing day is a real celebration. Sign some paperwork, receive your keys and take a moment to soak it all in—this brand-new home is yours. Welcome to homeownership—where you can build equity from day one.
HOT TIP: Relish this moment! You’ll likely remember it or a lifetime. Ready to start your journey from renting to owning? Visit a Lennar community near you today and discover how a brand-new home can be yours in as little as six months.
