5 Steps to Get Mortgage-Ready

By Julio Cobian, Mortgage Advisor in Chico, CA

If you’re thinking about buying a home, one of the best things you can do is prepare ahead of time. Getting “mortgage-ready” means you’ll move through the process with confidence, avoid delays, and put yourself in a stronger position as a buyer. Here are five steps to get started.

1. Check Your Credit Score

Your credit score plays a big role in loan approval and interest rates. A higher score usually means better options. Review your report for errors and work on paying down debts if needed.

2. Organize Your Documents

Lenders will ask for recent pay stubs, W-2s or tax returns, and bank statements. Having these ready can save time and show you’re serious.

3. Build Your Savings

Even if you qualify for down payment assistance in California, it’s smart to have some money set aside for closing costs, moving expenses, or unexpected repairs.

4. Review Your Debt-to-Income Ratio

Lenders look at how much of your monthly income goes toward debts. If it’s too high, you may need to pay some balances down before applying.

5. Get Pre-Approved

A pre-approval letter shows sellers you’re a serious buyer and gives you a clear idea of your budget. It’s one of the most important steps in today’s competitive market in Chico and Butte County.

Final Thoughts

Becoming mortgage-ready isn’t complicated—it just takes a little preparation. As a mortgage advisor in Chico, CA, my goal is to guide you through every step so you feel confident and informed.

📲 DM me today or call to get started on your path to homeownership.