Home Purchase Assistant
Buying a home is one of the biggest financial decisions you'll ever make. This step-by-step guide walks you through the entire process — from getting your finances in order to picking up your keys on closing day. Check off each step as you go.
Steps Completed
Check off each step as you finish it
The 6-Step Home Buying Process
Review Your Finances
Before you start shopping, get a clear picture of your financial health.
Check your credit score
Pull your free credit report at AnnualCreditReport.com. Scores of 620+ qualify for most conventional loans; 740+ earns the best rates. If your score needs work, pay down revolving balances and avoid opening new accounts.
Calculate your debt-to-income ratio (DTI)
Add up all monthly debt payments (car, student loans, credit cards, etc.) and divide by your gross monthly income. Most lenders want a DTI below 43%. A lower DTI gives you more purchasing power.
Assess your savings
You'll need funds for a down payment (3–20% of the purchase price), closing costs (typically 2–5%), and cash reserves. Start saving early and keep funds in a stable, documented account.
Avoid major financial changes
Don't change jobs, take on new debt, or make large cash deposits while preparing to buy. Lenders want to see stability in your income and accounts.
Get Pre-Approved
A pre-approval letter shows sellers you're a serious, qualified buyer — and tells you exactly how much you can borrow.
Find Your Home
With pre-approval in hand, you're ready to work with a real estate agent and start touring homes.
Make an Offer
When you find the right home, your agent will help you craft a competitive offer.
Inspection & Appraisal
After your offer is accepted, two key evaluations protect your investment.
Close on Your Home
The final step — sign the paperwork, pay closing costs, and get your keys.
Ready to start Step 2? Get Pre-Approved Today.
Pre-approval is free, takes 1–2 business days, and puts you in a much stronger position when you find the right home. Call us or request a quote online.
(262) 370-1128