preparing for a mortgage

know before you apply

You should start planning at least 3 to 6 months before applying for a mortgage to give yourself time to improve your credit, organize finances, and strengthen your application to secure the best loan.

  • Review your credit report and correct any errors. A higher score can mean better interest rates and lower monthly payments.

  • Don’t finance new cars, furniture, or open new credit lines—these can hurt your debt-to-income ratio.

  • Aim for at least 3–20% down, plus closing costs (usually 2–5% of the home price).

  • Pre-approval shows sellers you’re serious and gives you a clear budget.