Your credit score does not tell the whole story
Imperfect credit can limit some bank options, but other factors may demonstrate your ability to pay: steady income, job stability, savings, and an available down payment.
Prepare before you search
Organize your documents and review your budget before falling in love with a property.
- Review your net monthly income
- Reduce nonessential payments
- Avoid taking on new debt
- Save for the down payment and a reserve
- Set the maximum payment you can sustain
Look for clear terms
A financing alternative is useful only if you understand its costs and obligations. Ask questions, compare, and keep copies of every document.