: This is your monthly debt payments divided by your gross monthly income. Lenders generally prefer a DTI of 43% or lower .
: Beyond the down payment, you'll need funds for closing costs (typically 2–5% of the home price) and an emergency fund covering 3–6 months of expenses. 2. Essential Documentation what do you need to buy a house
How to buy a house: Your step-by-step guide to buying in 2026 : This is your monthly debt payments divided
Lenders use your financial history to determine how much you can borrow and at what interest rate. what do you need to buy a house