Build a complete cash target
Your down payment is one part of the budget. Add closing costs, moving expenses and a reserve for unexpected costs. Start with an amount you can save consistently rather than stretching every dollar toward a purchase.
Estimate closing costsUnderstand your credit and existing debts
Review your credit reports for errors, keep payments current and understand your monthly commitments. A higher-cost private mortgage is not automatically the right answer to a credit challenge. Ask about the total cost and a realistic route forward.
Make your income story clear
Keep records of employment, tax returns and business income where relevant. Self-employed applicants may need more documentation. A recent income change or new business deserves an early conversation about timing.
Choose a comfortable payment
A lender’s maximum is not necessarily your budget. Include childcare, transportation, maintenance and savings alongside mortgage costs. Our affordability calculator is a planning estimate, not an approval.
Explore an estimated budget