How To Buy A House For The First Time Apr 2026

: Lenders look for a DTI ratio where monthly debts, including the new mortgage, stay below 36–43% of your gross monthly income.

Before touring properties, you must establish your "buying power." how to buy a house for the first time

: This is the primary factor determining your interest rate. Aim for a score of 760+ for the best terms, though some loans accept scores as low as 500. : Lenders look for a DTI ratio where