Before applying for financing, check your credit score and work to improve it if necessary - even a small increase can result in better loan terms.
Save for a substantial down payment - while some loans allow as little as 3% down, putting 20% down helps you avoid private mortgage insurance and secure better interest rates.
Get pre-approved, not just pre-qualified - pre-approval involves a thorough check of your finances and gives you a firm idea of what you can afford.
Explore all financing options - conventional loans, FHA loans, VA loans, and special first-time homebuyer programs all have different requirements and advantages.
Consider total costs beyond the mortgage - insurance, taxes, maintenance, and homeowner association fees can significantly impact your monthly housing budget.
