The first step is to contact a lender (mortgage broker or bank) to get pre-approved for a loan. Your loan officer will review your financials (income, debt, savings, credit score, etc.) to determine the amount that you can borrow. Based on this, we can figure out your budget for your home purchase. Your loan officer will issue you a pre-approval letter stating the loan amount you qualify for and you will need to submit this letter whenever you make an offer on a property. It is important to do this step first because you may find out that you qualify for more or less than you thought, and if you have any issues that may prevent you from qualifying, we can figure how we can fix these problems.