Starting your financial prep now gives you a huge advantage in the home buying process. Here’s your 12-month timeline to get mortgage-ready:
12 months out: ✅ Start saving for your down payment (aim for 10-20% of your target home price) ✅ Check your credit report and dispute any errors
6-9 months out: ✅ Pay down existing debt to improve your debt-to-income ratio ✅ Avoid opening new credit accounts ✅ Build up your emergency fund (3-6 months of expenses)
3-6 months out: ✅ Research lenders and mortgage options ✅ Gather financial documents (pay stubs, tax returns, bank statements)
1-3 months out: ✅ Get pre-approved for your mortgage ✅ Start house hunting with confidence!
💡 Pro tip: Don’t just save for the down payment! Remember to budget for closing costs (typically 2-5% of the home price), moving expenses, and immediate home needs.
The key is consistency. Even setting aside $200-500 monthly can make a significant difference by 2026. Your future self will thank you for starting early!
Reach out if you have questions about getting your finances in order.
