To buy a house with residency in the United States, follow these steps: secure pre-approval for a mortgage, conduct a property search, submit an offer, complete a home inspection, and close the transaction. After closing, update residency documentation with local authorities and the Internal Revenue Service (IRS). Pre-approval ensures financial readiness and strengthens offer credibility. Home inspections identify potential issues, while closing costs and taxes vary by location.

The process prioritizes financial preparedness and due diligence. Pre-approval increases offer acceptance rates by 50%, according to a 2023 National Association of Realtors report, as sellers favor buyers with pre-verified funds. Down payment requirements range from 3% for FHA loans to 20% for conventional loans, as noted by the Consumer Financial Protection Bureau. Mortgage rates, influenced by the Federal Reserve’s policy, directly impact monthly payments; a 1% rate increase can raise payments by 10%, per Bankrate data. Home inspections cost $300–$500 on average, protecting buyers from costly repairs, while closing costs average $5,000–$15,000, or 2–5% of the home price, per Rocket Mortgage. Residency updates ensure compliance with tax obligations, such as filing Form 1040 and state taxes, avoiding penalties. This structured approach balances opportunity and risk, aligning with U.S. real estate market dynamics.