Published April 16, 2025

The First-Time Homebuyer Guide for West Texas in 2025

Written by Zully Alvarez

The First-Time Homebuyer Guide for West Texas in 2025

Everything You Need to Know Before Buying Your First Home in Midland and Beyond

Buying your first home is a huge milestone—and if you're planning to put down roots in Midland or anywhere across West Texas, you're already on the right track. Our region is booming with opportunity, from new developments and family-friendly neighborhoods to strong job growth and that unbeatable West Texas charm. But we get it: the process can feel overwhelming, especially if you're just getting started.

As a Top-Performing Real Estate Team in Midland, the Ben Kinney Team is here to break it all down for you. Whether you’re just daydreaming about homeownership or already checking out open houses on weekends, this guide will help you make confident, informed decisions on your home-buying journey.

1. Understand Your Budget

Before you fall in love with that dream kitchen or big backyard, start with your budget. Home prices in Midland and surrounding areas have remained competitive, with plenty of opportunities for first-time buyers—but it’s essential to know what you can afford.

Pro Tip: A good rule of thumb is to keep your monthly mortgage payment (including taxes and insurance) below 30% of your gross monthly income. We recommend getting pre-approved with a trusted local lender early on. This not only gives you a realistic price range but also makes your offer stronger when you're ready to buy.

2. Know What You Want (And Need)

Your first home may not be your forever home—and that’s okay! Focus on your non-negotiables:

Do you want to stay close to schools or your job?
Do you need a big yard, a home office, or room to grow?
Would you prefer a move-in-ready home or a fixer-upper with potential?

West Texas offers a variety of homes, from cozy starter houses in established Midland neighborhoods to new construction just outside the city. A local agent (like us!) can help match your wish list to what's really available.

3. Understand the Market in 2025

The real estate landscape in 2025 is a unique mix. Mortgage rates have begun to stabilize after a few years of fluctuation, and inventory in the Midland-Odessa area is on the rise, giving buyers more options than we’ve seen in recent years.

That said, first-time buyers still need to act smart. Homes that are well-priced and well-maintained can still move quickly. That’s where having a team like ours in your corner makes all the difference—we help you spot value, negotiate with confidence, and avoid common pitfalls.

4. Take Advantage of First-Time Buyer Programs

Yes—there are ways to save! In Texas, there are several programs designed to help first-time buyers with down payment assistance, reduced interest rates, and even tax credits. Options like the My First Texas Home program or Texas State Affordable Housing Corporation (TSAHC) are worth exploring.

Not sure where to begin? We work closely with lenders who specialize in these programs and can walk you through the best options based on your goals.

5. Don’t Go It Alone

This might be your first home, but we’ve helped hundreds of first-time buyers navigate the process—and we’re ready to do the same for you. From explaining the fine print to scheduling inspections, negotiating repairs, and handing over the keys, the Ben Kinney Team is your local guide from start to finish.

Ready to Take the Next Step?

Buying your first home in West Texas is more than a financial decision—it’s a lifestyle move, and we’re here to make it a great one. If you're ready to learn more about the local market, we’ve got just the thing for you.

👉 Register on our website: Ben Kinney Team-Midland, TX to receive a free personalized market report based on your location, budget, and home preferences. Whether you’re ready now or planning for later this year, we’ll keep you in the loop with tailored listings, real-time market data, and helpful tips sent straight to your inbox.

Let’s make your dream of homeownership a reality—West Texas style. 🤠🏡