This report outlines the essential questions and considerations for prospective home buyers in 2026, covering financial readiness, property assessment, the home-buying process, and neighborhood evaluation. I. Financial Readiness (Before You Look)

Generally, plan on saving 3% to 20% of the home price for a down payment, plus 2% to 5% of the purchase price for closing costs.

A letter from a lender confirming how much they are willing to lend you based on a review of your income and credit.

Lenders evaluate Capacity (income/debts), Capital (savings), Credit (score), and Collateral (the home itself).