Homeownership Preparation Checklist
Buying a home is a big decision, both financially and emotionally. It’s important to familiarize yourself with the necessary steps so you can make sure you are prepared to buy a home. The reality is that the process of buying a home begins before you ever speak with a realtor or apply for pre-approval for a mortgage. For many people, the process begins at least a year before you actually buy a home, and there’s a reason for that. You want to make sure you’re fully prepared before taking this next step in life, and we’re committed to making sure you’re prepared for the journey of homeownership.
Step #1
Understanding
Expenses
- Paying your mortgage on time
- Home repairs and maintenance costs
- Other housing costs: homeowners insurance, property taxes, and
unexpected emergencies
Step #2
Make Sure Your
Finances are in Order
- Keep an eye on your
credit score - Set a budget
- Save for upfront costs
to buy a home
Step #3
Gather
Your Documents
- Recent paycheck stubs
- W-2 forms
- Statements from all bank and investment accounts
- Statements for all
outstanding debt - Tax returns
- Proof of supplemental income
Step #4
Find Your
Homebuying Team
- Your real estate agent
- Your mortgage lender
Step #5
Get
Pre-Approved
*Unique Mortgage Application User ID, separate from Digital Banking Credentials must be created
