Buy
A clear path from budget to closing day.
Every buyer's situation is different, but the process follows a predictable rhythm. Here's what to expect, and where financing programs and inspections fit in.
The buyer journey
What to expect, step by step
Determine your budget
Look beyond the mortgage payment to property taxes, insurance, utilities, and routine maintenance before you start touring homes.
Get pre-approved
A lender reviews your credit, income, assets, and debts. A pre-approval (not just a pre-qualification) strengthens your offer.
Search with a plan
We'll help you look past finishes to location, lot condition, and the age of major systems — the things that matter long after move-in.
Make an offer
Your offer reflects comparable sales, market conditions, and your goals. The seller may accept, reject, or counter.
Inspect and negotiate
Arkansas buyers generally have 10 business days after acceptance to complete inspections and submit the Inspection Repair Survey Addendum (IRSA).
Appraisal, underwriting & closing
Once inspection items are resolved, your lender orders the appraisal and finishes underwriting, leading to your final walkthrough and closing day.
Financing options
Common financing programs Central Arkansas buyers use
Nick and The Key Team have experience with all major financing options. Ask your lender which programs you may qualify for.
Conventional
Financing not backed by a government agency, with a range of down payment options depending on the lender and loan program.
FHA
Government-backed financing often used by buyers seeking more flexible qualifying guidelines.
VA
For eligible veterans, active-duty service members, and certain surviving spouses — often with no down payment and no PMI on qualifying loans.
USDA Rural Development
For eligible buyers purchasing in a USDA-eligible area, often with no down payment required.
This is general educational information, not lending advice. Actual eligibility, rates, and terms are determined by your lender based on your individual circumstances.
Due diligence
Inspections matter — for every home, at every price point
A professional home inspection is one of the most valuable parts of the buying process. It's a visual, non-invasive evaluation of accessible components, not a guarantee against future problems. Arkansas buyers generally have 10 business days after contract acceptance to complete inspections and submit repair requests.
Want the full picture before you start touring homes?
Download the free Central Arkansas Home Buying & Selling Guide, or estimate your monthly payment with real numbers.