Need To Buy A Home - What Do I

: Most conventional loans require a minimum score of 620. In 2026, some lenders are moving toward a more holistic view of "financial patterns" (like rent and utility payments) rather than just a three-digit score.

: Aim for a DTI at or below 43%. This is the percentage of your gross monthly income that goes toward paying debts. what do i need to buy a home

The path to homeownership in 2026 requires a strategic blend of financial preparation, organized documentation, and a clear understanding of the modern housing market. 1. Financial Foundations : Most conventional loans require a minimum score of 620

: Budget an additional 2% to 5% of the purchase price for legal fees, taxes, and appraisals. 2. Essential Documentation This is the percentage of your gross monthly

Lenders will require a "paper trail" to verify your ability to repay the loan. You should gather these in a digital folder early in the process. For Buyers - Steven Lieu - Member of The Hao Dang Team