What is the first step in the home-buying process?
— Pre approval!
Buying a home is an exciting milestone, but it can be hard to know where to begin. While many buyers are eager to start touring homes right away, the best first step is getting approved.
Why getting pre-approved matters
Pre-approval is a process where a lender evaluates your financial situation. This includes credit score, income, debts, and assets—to determine home-buying power. It provides several key benefits:
Know your budget — Understanding your loan amount helps you focus on homes within your price range.
Stronger offer - Sellers take offers more seriously when backed by a lender’s pre-approval letter.
Smoother Process — Being financially prepared reduces delays and makes closing faster.
How to get pre-approved
Check your credit score —Knowing where you stand ahead of time can give you a major advantage.
Find a trusted Lender — Your Realtor is a great source to help you find a lender.
Gather Financial Documents — Lenders typically request pay stubs, tax returns, W-2s, bank statements, and debt information.
Submit an Application — Once approved, you’ll receive a pre-approval letter outlining your loan amount and terms.
What’s Next?
Now the fun part, with your pre-approval in hand, you can confidently begin your home search, knowing exactly what you can afford—partnering with a knowledgeable Realtor to help you navigate the market and find the perfect home.
Thinking about buying a home? Let’s chat! I can connect you with trusted lenders and guide you through the process.