: A score above 620–640 is typically required for most loans, though higher scores (740+) earn the best interest rates.
: 30 to 60 days of transaction history for all checking, savings, and investment accounts. Identification : A valid driver's license or passport. Things needed to buy a house? : r/PersonalFinanceCanada things needed to buy a house
: Most lenders require at least two years of steady income and employment. 3. Essential Documentation : A score above 620–640 is typically required
: This is the portion of the purchase price you pay upfront. While 20% is often cited to avoid private mortgage insurance (PMI), many buyers put down as little as 3% to 3.5% . Essential Documentation : This is the portion of
: Lenders often want to see that you have several months of living expenses saved beyond your down payment to handle unexpected repairs or job loss. 2. Loan Qualification Requirements