What To Do When Buying Your First House May 2026

Once you have your pre-approval letter, you can start hunting with a clear "needs vs. wants" list. 10 First-Time Homebuyer Mistakes To Avoid - Bankrate

: Use the 28/36 rule —housing costs shouldn't exceed 28% of your gross monthly income, and total debt shouldn't exceed 36%. what to do when buying your first house

Sellers often won't consider an offer unless you have professional backing and proof of funds. Once you have your pre-approval letter, you can

: A good agent helps you navigate negotiations, handle paperwork, and find up-and-coming neighborhoods. Once you have your pre-approval letter

: Lenders use this to set your interest rate. A higher score (740+) typically secures the best rates.