Readiness often includes steady income, manageable debt, savings for a down payment, and the ability to cover monthly expenses. Speaking with a qualified lender can help clarify your position.

Down payment amounts vary by loan program. Some loans require as little as 3%, while others recommend higher amounts. A lender can walk you through your options and help you understand how much you’ll need.

• Pre-qualification is an initial estimate of what you may be able to borrow, based on unverified information.

• Pre-approval is a more formal process in which a lender reviews your financial documents and provides a letter showing your borrowing capacity. Sellers generally view pre-approval more favorably.

Consider your commute, lifestyle, amenities, and budget. Schools, parks, and access to transit may also play a role. We’ll help you explore different neighborhoods so you can make a decision that aligns with your needs.

Avoid large purchases, job changes, co-signing loans, or moving money between accounts without first consulting your lender. These actions can affect loan approval.

There’s no set number. Some buyers find the right fit quickly, while others take more time. Touring homes helps you get a feel for the market and what’s realistic within your budget.