To qualify for a home purchase, you generally need to meet four main criteria: a stable income, a healthy credit score, manageable debt, and enough cash for a down payment and closing costs. 💰 Financial Stability

No recent bankruptcies, foreclosures, or major late payments. ⚖️ Debt-to-Income (DTI) Ratio

You can sometimes qualify with a score as low as 500–580.

This includes your future mortgage, car loans, and student debt. ✅ Pre-Approval Status

A score of 620 is usually the minimum for conventional loans.

You’ll need recent pay stubs, W-2s, and tax returns.

💡 Qualification isn't just about having the money; it’s about proving you can handle the monthly commitment over the long term. To give you more specific advice, could you tell me: Are you a first-time homebuyer ? What state or city are you looking in? Do you have a specific price range in mind?

Money for the down payment (3% to 20%) and closing costs (2% to 5%). 📊 Credit Health