2. Know where your money to close on the home is coming from. Really. Where do you plan on getting the money?! Almost every loan requires some sort of down payment and then there are closing costs and pre-paid charges on top of that. If you have no money in the bank, get started on physically receiving the money you will need to close. Are you getting a gift from family, pulling from retirement, taking from a credit card (ugh, I know but many try this). Some sources of funds are not acceptable. You can't just show up to closing with $20,000 and the lender be cool with that. The documentation process to get a mortgage these days is NUTS! Get ready to give everything but a blood sample! If you have this discussion well in advance with your loan officer you should be able to avoid some really annoying documentation requirements (like getting a bank statement from the person gifting you the money for closing. I will tell you now, gift donors HATE to give up their bank statements). Unless the money has been sitting in your checking or savings for more than 3-4 months, you will WANT to have the convo up front!