Compare options like Conventional (standard), FHA (lower credit/down payment), or VA loans (for veterans with 0% down). Phase 3: The Search and Team Building How to Prepare to Buy a Home

Buying a home is a multi-step journey that typically begins with deep financial prep and ends with a pile of paperwork and a set of keys.

Here is a step-by-step guide to navigating the process in 2026. Phase 1: Financial Preparation

Calculate your "personal affordability number" based on income and existing debts rather than just what a bank might approve. A common guide is the 28/36 rule , where housing costs shouldn't exceed 28% of your gross income.

Review reports from major bureaus like Equifax or TransUnion to fix errors and understand your standing.