8 Easy Steps Before You Apply
✅ 1. Know Your Budget
Before looking at homes, decide what monthly payment feels comfortable for your family. Think about:
- Monthly income
- Current bills
- Savings
- Future expenses
Tip
✅ 2. Check Your Credit
Your credit score can affect:
- Your interest rate
- Loan options
- Down payment requirements
Good habits:
- Review your credit report.
- Pay bills on time.
- Avoid opening new credit cards before buying.
✅ 3. Save for Upfront Costs
Even loans with low down payments usually have some upfront expenses. You may need money for:
- Down payment
- Closing costs
- Home inspection
- Appraisal
- Moving expenses
Good news
✅ 4. Keep Your Job Stable
Lenders like to see consistent employment. Avoid:
- Changing jobs
- Becoming self-employed
- Reducing your work hours
If you must change jobs, talk with your loan officer first.
✅ 5. Don't Make Big Purchases
Until after closing, avoid financing:
- New car
- Furniture
- Appliances
- Expensive vacations
New debt can reduce the amount you qualify to borrow.
✅ 6. Gather Your Documents
Having your paperwork ready makes the process much faster. You'll typically need:
- Driver's License
- Recent Pay Stubs
- W-2s (last two years)
- Tax Returns (if required)
- Bank Statements
- Retirement or Investment Statements (if applicable)
✅ 7. Learn About Loan Programs
Not every mortgage is the same. Some buyers may qualify for:
- FHA Loans
- VA Loans
- USDA Loans
- Conventional Loans
- Down Payment Assistance Programs
- Hometown Heroes Program (Florida)
- First-Time Homebuyer Programs
Your 1st Florida Lending loan officer can help match you with the program that best fits your situation. Our you can browse our Loan Programs by click the Our Loan Programs button at the top of the page
✅ 8. Get Pre-Approved Before Shopping
A pre-approval helps you:
- Know your price range
- Shop with confidence
- Strengthen your offer
- Move faster when you find the right home
Most sellers prefer buyers who already have a mortgage pre-approval.
📋 Quick Pre-Approval Checklist
- Determine your monthly budget
- Check your credit score
- Save for down payment and closing costs
- Keep your employment stable
- Avoid new loans or credit cards
- Gather your financial documents
- Compare loan programs
- Get pre-approved before house shopping
💡 Helpful Tip