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Heres a look atsix things you need before buying a house.
Thats in the upper half of the FICOcredit score system,which goes from 300 to 850.
Depending on the house and neighborhood, you could need a score as high as 720 or above.
Salaried employees can provide pay stubs or W-2 forms.
Rocket Mortgage suggests this amount will exempt you from having to pay private mortgage insurance (PMI).
However, your down payment can be as little as 3% if you are willing to pay PMI.
Keep in mind that the bigger the down payment, the smaller your monthly mortgage payment.
A Real Estate Agent
This isnt necessarily a requirement.
A pre-approval is typically good for 90 days.
If it expires before you find a home, you could always refresh it.
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