: Beyond the down payment, you should have enough to cover 2% to 5% of the purchase price for closing costs . 2. Required Documentation

: Lenders typically look for a minimum score of 620 for conventional loans, though 580 may be acceptable for FHA loans with a 3.5% down payment. Higher scores often secure better interest rates.

Buying a home in California's competitive market requires a blend of rigorous financial preparation and navigation of state-specific disclosures. To successfully purchase a home as of early 2026, you generally need the following: 1. Financial Readiness

: Aim for a DTI below 36-43% to qualify for most mortgage programs.