Steps To Buying A New House 〈Direct Link〉

: Aim to keep total housing costs (PITI: Principal, Interest, Taxes, Insurance) under 30% of your gross monthly income. Debt-to-Income (DTI) : Aim for a DTI ratio below 43%. Accumulate Liquid Cash : You

: Lenders often approve you for more than you should comfortably spend. steps to buying a new house

Most lenders require a minimum score of for conventional loans. Higher scores (740+) secure the lowest interest rates. : Aim to keep total housing costs (PITI:

: Ranges from 0% (VA/USDA) to 3.5% (FHA) or 3–20% (Conventional). Closing Costs : Typically 2–5% of the home price. steps to buying a new house