Step 1: Financial Preparation

Before you begin your home search, it’s essential to get financially ready. Proper preparation sets the foundation for a smoother and more confident buying experience.

💡 Check Your Credit Score

Aim for a minimum score between 600–680 to qualify for most mortgage options.

💡 Save for Your Down Payment

1. 5% for homes under $500,000
2. 10% for homes between $500,000 – $999,999
3. 20% for homes $1 million and above

💡 Plan for Closing Costs

Set aside 3–5% of the purchase price to cover expenses such as land transfer tax, legal fees, and home inspections.

💡 Get Mortgage Pre-Approval

This helps define your budget and strengthens your position as a serious buyer when making an offer.