Check your credit score and review your credit report
Gather recent pay stubs, W-2s, tax returns, and bank statements
Calculate your monthly income, debts, and expenses
Determine how much you can afford for a monthly mortgage payment
Save for a down payment and closing costs
Choose a lender and compare prequalification requirements
Submit basic financial information to the lender
Provide employment, income, asset, and debt details
Authorize a credit check if required
Review the lender’s estimated loan amount and terms
Correct any errors or missing information promptly
Keep your finances stable during the prequalification process