Homeownership in 2022: How to Get Started in Buying a Home

There’s no denying that the housing market has been hot regarding how much buyers are paying for properties. This is making more first-time homebuyers apprehensive about buying a home.  

Buying a home is a huge investment that comes with many obligations and expenses. However, it’s also a long-term investment that may help you protect your financial future. 

Competition may be stiff, but it’s not impossible to accomplish this year once you know what to do. Any time is an excellent time to start thinking about purchasing a house, no matter how much money you make or have in the bank. 

In this article, we’ll go through the steps you’ll need to take to become a homeowner by 2022.

1. Consider Your Financial Situation

House prices are not stable, and the cost of a home may depend on factors like the area you’re in, the health of the national economy, population density, and even the weather.

To start your homebuying journey, you’ll need to figure out what your financial situation is like and what you’re able to pay each month. You’ll need to include all of your financial obligations, as well as your paycheck and any potential rental income. 

Once you’ve determined these factors, you’ll be able to bid for suitable properties that fit your financial capacity. This is because you shouldn’t get a home loan that can put your finances underwater. You’ll still need to be able to pay for your needs and other financial obligations apart from your monthly home repayments.

2. Saving for a Down Payment

Your down payment is one of the most important things you’ll have to save up for, which is a percentage of the property’s total cost. Buying a home is like paying off a credit card, but with one significant difference—the balance never goes down because you’re borrowing money from the bank and will be paying them interest over time. 

This means that while you are saving up for a down payment, your money is essentially earning interest. To maximize this interest and make your money work harder for you, you may want to consider a traditional bank account or a certificate of deposit (CD) at a bank.

3. Getting Your Credit in Shape

Your credit score is an important aspect to consider before purchasing a house, not just for this year but for many years to come. As a detailed compilation of your financial history, it includes everything from paying off credit card bills on time, paying off your car loans, buying property, or even renting an apartment.

The score provided by FICO is commonly accepted as the most crucial score to have when applying for a mortgage and ranges from 300 to 850. Aim for a credit score of 720 and above, so you’re ahead of most of the competition. 

4. Choosing a Real Estate Agent

You’ll need to get an agent who can help you find a home, especially if you want a specific type of property. Finding an agent is as simple as searching around online, going to open house events, or asking for referrals from family and friends. However, you may want to talk to several agents before making a decision.

A great real estate agent will have the resources to run a search that you can’t do independently. They have extensive knowledge of local neighborhoods, pricing, trends, and other information that can be helpful when you’re looking for a property. 

Moreover, they also have connections to bankers, title companies, and other real estate professionals to help you buy your home faster and for less money.


Buying a house may seem overwhelming, but as you can see, there are several steps you can take to get started. Buying a house is a wise investment, especially if you plan on staying in the area for at least three years or more. If you’re unsure, wait a bit before purchasing a house.

If you have a steady job, a good credit score, and a down payment saved, you should be able to buy a house by 2022 or later.

​​You’ve come to the right place if you’re searching for home loans in Sacramento, CA. Hawkins Home Loans can assist you in evaluating your lending alternatives. We are one of the finest mortgage lenders in the Sacramento region, and we can help you find resources for a stress-free loan experience. Get in contact with us right now to learn more.