First Time Home Buyer in Amarillo, TX: What You Need to Know Before You Buy

Buying your first home in Amarillo, TX is exciting. It’s also overwhelming.

If you’re a first time home buyer in Amarillo, you’re probably wondering:

• How much do I need for a down payment?

• What credit score do I need?

• How competitive is the Amarillo market?

• Should I rent or buy right now?

Let’s break it down.

Step 1: Know Your Budget

Before you look at homes for sale in Amarillo, talk to a lender.

You need to know:

• What you qualify for

• Your monthly payment range

• Your estimated closing costs

Many first time buyers in Amarillo qualify for:

• FHA loans

• VA loans

• USDA loans (yes, some areas qualify)

• Down payment assistance programs

Getting pre-approved gives you confidence — and makes your offer stronger.

Step 2: Understand the Amarillo Market

The Amarillo real estate market is unique.

Compared to larger Texas cities:

• Home prices are still relatively affordable

• Competition depends heavily on price range

• Well-priced homes move quickly

A local buyer’s agent helps you:

• Avoid overpaying

• Structure competitive offers

• Navigate inspections and negotiations

Step 3: Don’t Skip the Inspection

Even in Amarillo’s stable market, inspections matter.

You want to understand:

• Roof condition

• HVAC age

• Foundation concerns

• Plumbing issues

Your first home should be exciting — not a financial surprise.

Step 4: Think Long Term

Ask yourself:

• Will I stay 3–5 years?

• Is this close to work?

• Is it near schools or family?

• Does the neighborhood support long-term value?

Buying your first home is about building equity, not just moving in.

Final Advice for First Time Home Buyers in Amarillo, TX

You don’t need to know everything.

You just need the right guidance.

If you're thinking about buying your first home in Amarillo, TX, start with clarity. Get pre-approved. Ask questions. Understand your options.

And don’t do it alone!

Get My Buyers Guide Today!