First-Time Homebuyer FAQs

Dated: September 12 2025

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Buying your first home is exciting—but it comes with a lot of questions. Here are the most common FAQs I hear from first-time buyers in Clarksville:

1. How Much Do I Need for a Down Payment?

Not 20%! VA loans require 0% down, FHA requires 3.5% down, and some conventional loans go as low as 3% down.

2. What Are Closing Costs?

Expect around 2–3% of the purchase price in Tennessee. These cover lender fees, title insurance, and taxes. (Good news: Sometimes we can negotiate seller credits to help.)

3. Do I Need Perfect Credit?

No. VA loans often approve buyers with scores in the 600s. FHA loans are more flexible too. The stronger your score, the better your rate—but don’t let imperfect credit stop you.

4. What Inspections Should I Get?

A home inspection is highly recommended to uncover repairs. Termite, radon, and septic inspections may also be part of your due diligence in Clarksville.

5. How Long Does It Take to Close?

Typically 30–45 days from contract to keys in hand, though VA and cash deals can sometimes move faster.

6. Should I Buy Now or Wait?

Rates, prices, and rent all shift, but the real question is: Does buying now fit your budget and lifestyle? Every buyer’s answer is different.

📲 If you’re a first-time buyer in Clarksville, let’s sit down and walk through your options step by step.

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Ashlee Jankovich

Welcome to my corner of the real estate world! I'm Ashlee, a dedicated Realtor serving the vibrant community of Clarksville, TN. My journey in real estate began in 2018, but my connection to this area....

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