Thinking about buying your first home in Englewood? Here’s what you’ll need to get started:
✅ 2 years of W2s | Lenders want to see consistent income history over the past two years
✅ 2 months of bank statements | Proof of savings and financial stability is essential
✅ 30 days of paystubs | Recent income verification ensures you’re currently earning enough to afford a mortgage
✅ Minimum $4k monthly income | A stable income is key to affording your new home and getting pre-approved for a mortgage
✅ Credit score of 580+ | While this is the minimum, a higher score can help you secure better interest rates
✅ Savings for your down payment & closing costs | These upfront costs are necessary to seal the deal
These are the essential steps to begin your path to homeownership. Want to learn more? Work with the best realtor in Englewood, FL! Contact us now.
