Before You Shop

Buying a Home with SYO Mortgage

What to do before you start shopping for a mortgage.


When you’re ready to start house hunting, it’s time to get pre-approved for a mortgage.

When you apply with Shop Your Own Mortgage, we will send you a pre-approval letter that states how much you’re approved for based on your credit, assets and income.

Your pre-approval letter will help you and your real estate agent find homes within your budget.


Here's a Step-By-Step

Before you start the intimidating process of house-hunting and obtaining a mortgage, take some proactive steps to ensure you're set up for success.

Check your credit score.

Lenders make important lending decisions based on your credit scores and the information in your financial history.

Evaluate your current spending.

Knowing what's comfortable (and doable) will help ensure that finding your ideal home isn't an expense too far!

Develop a budget for new expenses.

After evaluating your current expenses, develop a new budget to accurately depict how you should spend your money after you have bought a new home.

Establish your down payment.

Now that you know what you can comfortably spend each month, determine how much you can put upfront on your home.

Determine how much to spend on a home.

Knowing your estimated down payment, your credit score (and a few other details), you can use one of our tools to estimate what you might pay in interest rates.

Consider if it's the right time to buy.

After taking an in-depth look at your financial situation, it's time ask yourself if this is the optimal moment for you to commit and purchase a home.

It takes a village.

It helps to have people have people you trust in your corner to help advise and talk through the mortgage shopping process.

Put together a loan application packet.

Get all of your personal and financial information together, as you will meet with several lenders through the process who will need this information.

Complete an application to get pre-approved.

The pre-approval process involves documenting your income, your assets and a credit check. You will need the following documents:

  • Drivers License(s)/ ID
  • Bank Statements - last 2 months (include all pages)
  • W2s - last 2 years
  • Paystubs - last 2 years

We make getting pre-approved wayyy easier.

Start the process now by filling out the form to get pre-approved for a mortgage!