: Aim for 20% to avoid Private Mortgage Insurance (PMI), though some loans allow as little as 3% .
: Compare at least three lenders to find the best interest rates and loan programs (e.g., FHA , VA, or Conventional). what steps should i take to buy a house
: A pre-approval letter is a formal document stating how much a bank is willing to lend you. It proves to sellers that you are a serious, qualified buyer. Gather Documentation : Have the following ready: Last 2 years of tax returns and W-2s. Recent 30 days of pay stubs. Last 2–3 months of bank statements. Phase 3: The Search and Selection : Aim for 20% to avoid Private Mortgage