Ready to Buy a Home? Here’s Your Checklist!

So, you’re dreaming of buying a home in Holly Springs, NC? 🏡 Awesome! But before you start picking out paint colors, let’s talk about what you’ll need to get those keys in hand. Here’s your playful checklist of the must-haves:

1. Credit Score: The Magic Number Think of your credit score as your VIP pass to the mortgage party. The higher your score (ideally 620+), the better the deal you’ll get. It’s like having the golden ticket to homeownership—so make sure yours is in tip-top shape!

2. Steady Paychecks: Show Me the Money Lenders love to see that you’ve got a stable income. They’ll want to know you can handle those monthly payments without breaking a sweat. So, gather up your pay stubs and tax returns—it’s showtime!

3. Down Payment: Your Ticket to Ride While some loans offer a low or no down payment, most buyers should plan on 3% to 20% of the home’s price. Start saving those pennies—it’s your ticket to homeownership!

4. Pre-Approval: Flash Your VIP Badge Before you start making offers, get pre-approved for a mortgage. It’s like flashing your VIP badge to sellers, letting them know you mean business and know your budget.

5. Debt-to-Income Ratio: Balance the Scales Your debt-to-income (DTI) ratio is a biggie. Lenders want to see that your debts aren’t eating up too much of your income. Keep your DTI below 43% for the best chances of approval. Balance is key!

6. Proof of Assets: Show Off Your Savings Lenders may want to see proof that you’ve got the funds for your down payment, closing costs, and a little cushion. It’s time to show off those bank statements and prove you’re ready to roll!

7. Homeowner’s Insurance: Safety First! You’ll need homeowner’s insurance before closing the deal. Think of it as your home’s safety net—lenders require it, and you’ll be glad you have it. Start shopping around for the best coverage.

Ready to turn those home-buying dreams into reality? Let’s team up and find your perfect Holly Springs home! I’m here to guide you every step of the way.