Debt-to-income ratio Finance Inspection contingency Loan Officer 
HomeLight
JANUARY 27, 2021
Home financing. This gives both you and the seller more peace of mind that the deal will close and financing won’t hold things up. This can cause issues if there are errors on your application or if there’s something the loan officer missed. Definitely include an inspection contingency.
HomeLight
JUNE 30, 2022
Line up financing. It’s important to line up financing well in advance of when you want to start making offers. Be sure to do your research to find a reputable lender who can guide you through financing your first home purchase. Additionally, you may qualify for a conventional loan with as little as 3% down.
Redfin
FEBRUARY 10, 2021
Have a Healthy Debt-to-Income Ratio (DTI). Another key component banks consider when issuing loans, is your debt-to-income ratio. The debt-to-income ratio is a lender’s way of comparing your monthly housing expenses and other debts with how much you earn.
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