11 key documents you ll need to buy a house 1.
I want to buy a mansion.
The preapproval letter is a document from your chosen lender that spells out the mortgage amount.
So if you want to call your charming three bedroom a mansion go for it.
This form which your lender is required by law to send to you within three business days.
Many home buyers believe that they need a 20 down payment to buy a home.
Prospective home buyers should aim to have credit scores of 760 or greater to qualify for the best interest rates on mortgages.
The amount of money you ll need to save depends on your loan type and how much money you borrow.
However the minimum credit score requirements vary based on the type.
A down payment is the first major payment you make on your loan.
Lisa johnson mandell is an award winning writer who covers lifestyle entertainment real estate design and travel.
This isn t true you can buy a home with as little as 3 down.