Once you have a budget, you need official backing to be taken seriously by sellers.

A lender reviews your finances (tax returns, pay stubs, bank statements) to provide a pre-approval letter . This proves you are a serious buyer and defines your exact shopping range.

You’ll need funds for a down payment (typically 3%–20%), earnest money (1%–3% of offer), and closing costs (2%–5% of the purchase price). Phase 2: Getting "Mortgage-Ready"