1. Do you have a steady job history?
If you have been working consistently for at least the last two years, a lender will consider this to be steady employment. This does not mean that to be approved for a mortgage loan, you need to have held the same job for the last two years. In fact, job moves are looked upon favorably if the result has been equal or more pay.

2. Have you saved the money for a down payment and closing costs?
Nearly all home buyers need a mortgage loan from a financial institution. However, few loans are for the full purchase price of a house. Instead, you must contribute some portion of your own funds (the down payment) as part of the deal. Today, buyers can pay as little as 3 percent down.