Buying Your First House For Dummies -

Most lenders require a minimum score of 620 for approval. You can check your score for free at AnnualCreditReport.com. Save for Upfront Costs:

Budget an additional 2% to 6% of the home's purchase price for various fees. buying your first house for dummies

Determine a comfortable monthly payment based on your actual income and bills rather than just what a bank might approve. A common guideline is the 28/36 rule : housing costs should not exceed 28% of your gross monthly income, and total debt should stay below 36%. Most lenders require a minimum score of 620 for approval