The House Buying Process Step By Step -

5. Due Diligence & Final Loan Approval (30–45 days to closing)

Submit your official financial documents (like pay stubs, W-2s, and bank statements) to a lender. This letter dictates your official purchasing power and proves to sellers that you are a serious buyer. 3. Assemble Your Real Estate Team (2–3 months out) the house buying process step by step

You will need cash for a down payment (which can range from 3% to 20% of the home's value) as well as an additional 2% to 5% of the loan amount to cover closing costs. 2. Mortgage Pre-Approval (3–6 months out) the house buying process step by step