Thinking about buying your first home? Here’s what you’ll need to get started:
✅ 2 years of W2s | Lenders want to see consistent income history over the past two years
✅ 2 months of bank statements | Proof of savings and financial stability is essential
✅ 30 days of paystubs | Recent income verification ensures you’re currently earning enough to afford a mortgage
✅ Minimum $4k monthly income | A stable income is key to affording your new home and getting pre-approved for a mortgage
✅ Credit score of 580+ | While this is the minimum, a higher score can help you secure better interest rates
✅ Savings for your down payment & closing costs | These upfront costs are necessary to seal the deal
These are the essential steps to begin your path to homeownership.
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