Tips For Saving For Or Buying A House Info

Lenders in 2026 are using stricter underwriting standards, making early preparation essential.

While a 20% down payment is the gold standard for avoiding private mortgage insurance (PMI), many 2026 buyers qualify for programs requiring as little as . 2026 First-Time Home Buyer Mistakes (And How to Avoid Them) tips for saving for or buying a house

: Aim for a DTI of 35% or lower , including your future mortgage payment. Avoid new debt, like car loans or credit cards, which can instantly disqualify you. Lenders in 2026 are using stricter underwriting standards,