First Time Home Buyer Assessment February 17, 2024 Welcome to the First-Time Homebuyer Readiness Assessment Survey! This survey is designed to help you assess your readiness for homeownership and identify areas where you may need to focus your efforts. After completing the survey, you'll receive a detailed action plan tailored to your responses, providing you with actionable steps to kickstart your journey toward becoming a first-time homeowner. Whether you're just starting to consider homeownership or actively planning your purchase, this assessment will help you understand what it takes to prepare for this exciting, empowering milestone. Let's get started! Name Email I have a clear understanding of my current financial situation, including my income, expenses, and savings. Please choose the response that best reflects your agreement or disagreement with each statement. If you strongly agree or agree with the statement and find it to be true for you, select 'Strongly Agree', 'Somewhat Agree', or 'Agree'. If you disagree or find the statement to be false, choose 'Somewhat Disagree' or 'Strongly Disagree' based on the level of your disagreement. Strongly Agree Somewhat Agree Neutral (Agree) Somewhat Disagree Strongly Disagree I have a budget in place to save for a down payment, closing costs, and other homeownership expenses. Please choose the response that best reflects your agreement or disagreement with each statement. If you strongly agree or agree with the statement and find it to be true for you, select 'Strongly Agree', 'Somewhat Agree', or 'Agree'. If you disagree or find the statement to be false, choose 'Somewhat Disagree' or 'Strongly Disagree' based on the level of your disagreement. Strongly Agree Somewhat Agree Neutral (Agree) Somewhat Disagree Strongly Disagree I have reviewed my credit report recently and know my credit score. Please choose the response that best reflects your agreement or disagreement with each statement. If you strongly agree or agree with the statement and find it to be true for you, select 'Strongly Agree', 'Somewhat Agree', or 'Agree'. If you disagree or find the statement to be false, choose 'Somewhat Disagree' or 'Strongly Disagree' based on the level of your disagreement. Strongly Agree Somewhat Agree Neutral (Agree) Somewhat Disagree Strongly Disagree I have a stable source of income and job security. Please choose the response that best reflects your agreement or disagreement with each statement. If you strongly agree or agree with the statement and find it to be true for you, select 'Strongly Agree', 'Somewhat Agree', or 'Agree'. If you disagree or find the statement to be false, choose 'Somewhat Disagree' or 'Strongly Disagree' based on the level of your disagreement. Strongly Agree Somewhat Agree Neutral (Agree) Somewhat Disagree Strongly Disagree I understand the different types of mortgages available and have researched which one best suits my needs. Please choose the response that best reflects your agreement or disagreement with each statement. If you strongly agree or agree with the statement and find it to be true for you, select 'Strongly Agree', 'Somewhat Agree', or 'Agree'. If you disagree or find the statement to be false, choose 'Somewhat Disagree' or 'Strongly Disagree' based on the level of your disagreement. Strongly Agree Somewhat Agree Neutral (Agree) Somewhat Disagree Strongly Disagree I have considered additional homeownership expenses such as property taxes, insurance, and maintenance costs. Please choose the response that best reflects your agreement or disagreement with each statement. If you strongly agree or agree with the statement and find it to be true for you, select 'Strongly Agree', 'Somewhat Agree', or 'Agree'. If you disagree or find the statement to be false, choose 'Somewhat Disagree' or 'Strongly Disagree' based on the level of your disagreement. Strongly Agree Somewhat Agree Neutral (Agree) Somewhat Disagree Strongly Disagree I am aware of government programs or incentives available for first-time homebuyers in my area. Please choose the response that best reflects your agreement or disagreement with each statement. If you strongly agree or agree with the statement and find it to be true for you, select 'Strongly Agree', 'Somewhat Agree', or 'Agree'. If you disagree or find the statement to be false, choose 'Somewhat Disagree' or 'Strongly Disagree' based on the level of your disagreement. Strongly Agree Somewhat Agree Neutral (Agree) Somewhat Disagree Strongly Disagree I have explored various neighborhoods and have an idea of where I would like to buy a home. Please choose the response that best reflects your agreement or disagreement with each statement. If you strongly agree or agree with the statement and find it to be true for you, select 'Strongly Agree', 'Somewhat Agree', or 'Agree'. If you disagree or find the statement to be false, choose 'Somewhat Disagree' or 'Strongly Disagree' based on the level of your disagreement. Strongly Agree Somewhat Agree Neutral (Agree) Somewhat Disagree Strongly Disagree I have thought about my long-term plans and how homeownership fits into my future goals. Please choose the response that best reflects your agreement or disagreement with each statement. If you strongly agree or agree with the statement and find it to be true for you, select 'Strongly Agree', 'Somewhat Agree', or 'Agree'. If you disagree or find the statement to be false, choose 'Somewhat Disagree' or 'Strongly Disagree' based on the level of your disagreement. Strongly Agree Somewhat Agree Neutral (Agree) Somewhat Disagree Strongly Disagree I am prepared to commit to the responsibilities of homeownership, including regular maintenance and repairs. Please choose the response that best reflects your agreement or disagreement with each statement. If you strongly agree or agree with the statement and find it to be true for you, select 'Strongly Agree', 'Somewhat Agree', or 'Agree'. If you disagree or find the statement to be false, choose 'Somewhat Disagree' or 'Strongly Disagree' based on the level of your disagreement. Strongly Agree Somewhat Agree Neutral (Agree) Somewhat Disagree Strongly Disagree I have discussed my plans to buy a home with a financial advisor, real estate agent, or trusted mentor. Please choose the response that best reflects your agreement or disagreement with each statement. If you strongly agree or agree with the statement and find it to be true for you, select 'Strongly Agree', 'Somewhat Agree', or 'Agree'. If you disagree or find the statement to be false, choose 'Somewhat Disagree' or 'Strongly Disagree' based on the level of your disagreement. Strongly Agree Somewhat Agree Neutral (Agree) Somewhat Disagree Strongly Disagree I understand the importance of having an emergency fund set aside for unexpected expenses related to homeownership. Please choose the response that best reflects your agreement or disagreement with each statement. If you strongly agree or agree with the statement and find it to be true for you, select 'Strongly Agree', 'Somewhat Agree', or 'Agree'. If you disagree or find the statement to be false, choose 'Somewhat Disagree' or 'Strongly Disagree' based on the level of your disagreement. Strongly Agree Somewhat Agree Neutral (Agree) Somewhat Disagree Strongly Disagree I am willing to attend educational workshops or seminars to learn more about the homebuying process. Please choose the response that best reflects your agreement or disagreement with each statement. If you strongly agree or agree with the statement and find it to be true for you, select 'Strongly Agree', 'Somewhat Agree', or 'Agree'. If you disagree or find the statement to be false, choose 'Somewhat Disagree' or 'Strongly Disagree' based on the level of your disagreement. Strongly Agree Somewhat Agree Neutral (Agree) Somewhat Disagree Strongly Disagree I have researched and compared different lenders to find the best mortgage rates and terms. Please choose the response that best reflects your agreement or disagreement with each statement. If you strongly agree or agree with the statement and find it to be true for you, select 'Strongly Agree', 'Somewhat Agree', or 'Agree'. If you disagree or find the statement to be false, choose 'Somewhat Disagree' or 'Strongly Disagree' based on the level of your disagreement. Strongly Agree Somewhat Agree Neutral (Agree) Somewhat Disagree Strongly Disagree I am ready to take the necessary steps to become a homeowner within the next 6-12 months. Please choose the response that best reflects your agreement or disagreement with each statement. If you strongly agree or agree with the statement and find it to be true for you, select 'Strongly Agree', 'Somewhat Agree', or 'Agree'. If you disagree or find the statement to be false, choose 'Somewhat Disagree' or 'Strongly Disagree' based on the level of your disagreement. Strongly Agree Somewhat Agree Neutral (Agree) Somewhat Disagree Strongly Disagree I have researched and understand the potential tax benefits and deductions available to homeowners. Please choose the response that best reflects your agreement or disagreement with each statement. If you strongly agree or agree with the statement and find it to be true for you, select 'Strongly Agree', 'Somewhat Agree', or 'Agree'. If you disagree or find the statement to be false, choose 'Somewhat Disagree' or 'Strongly Disagree' based on the level of your disagreement. Strongly Agree Somewhat Agree Neutral (Agree) Somewhat Disagree Strongly Disagree I have assessed my future plans for career advancement or relocation and how it may impact my decision to buy a home. Please choose the response that best reflects your agreement or disagreement with each statement. If you strongly agree or agree with the statement and find it to be true for you, select 'Strongly Agree', 'Somewhat Agree', or 'Agree'. If you disagree or find the statement to be false, choose 'Somewhat Disagree' or 'Strongly Disagree' based on the level of your disagreement. Strongly Agree Somewhat Agree Neutral (Agree) Somewhat Disagree Strongly Disagree I have factored in the costs of home insurance and understand the importance of having adequate coverage. Please choose the response that best reflects your agreement or disagreement with each statement. If you strongly agree or agree with the statement and find it to be true for you, select 'Strongly Agree', 'Somewhat Agree', or 'Agree'. If you disagree or find the statement to be false, choose 'Somewhat Disagree' or 'Strongly Disagree' based on the level of your disagreement. Strongly Agree Somewhat Agree Neutral (Agree) Somewhat Disagree Strongly Disagree I have explored alternative financing options, such as FHA loans or down payment assistance programs. Please choose the response that best reflects your agreement or disagreement with each statement. If you strongly agree or agree with the statement and find it to be true for you, select 'Strongly Agree', 'Somewhat Agree', or 'Agree'. If you disagree or find the statement to be false, choose 'Somewhat Disagree' or 'Strongly Disagree' based on the level of your disagreement. Strongly Agree Somewhat Agree Neutral (Agree) Somewhat Disagree Strongly Disagree I have discussed my home buying plans with family members or roommates who may be involved in the process. Please choose the response that best reflects your agreement or disagreement with each statement. If you strongly agree or agree with the statement and find it to be true for you, select 'Strongly Agree', 'Somewhat Agree', or 'Agree'. If you disagree or find the statement to be false, choose 'Somewhat Disagree' or 'Strongly Disagree' based on the level of your disagreement. Strongly Agree Somewhat Agree Neutral (Agree) Somewhat Disagree Strongly Disagree Thank you for taking the survey. Please allow up to 48 hours during our operating business days for us to craft your personalized action plan. This plan is provided to you free of charge and is designed to help you uncover your readiness for homeownership. There is no obligation associated with taking the quiz – our goal is simply to empower you to take the first steps towards your dream of owning a home. Time's up
