Do yourself a favor…Get pre-approved by a Mortgage Lender and get your credit straightened out.
Most mortgage lenders take the guess work out of applying for a loan by figuring out for you the amount you can afford to borrow. Then, they give you a printed document stating the maximum mortgage amount you qualify for based on your particular finances and income. Mortgage pre-approval establishes your price range and strengthens your buying position by letting the Seller know that you have already been approved for the loan. It can also ease time constraints once the purchase agreement in signed between Buyer and Seller.
Selling Agents usually won’t consider an Offer without this info. Too many instances of people getting too deep in their search, only to find out that they are qualified for a much lower amount.
Keep in mind that if you want to make an offer on a $200,000 home, and are approved for only $180,000, you will need to show proof of funds for the other $20,000.
My objective is to save you Time and Money- so be advised.
Let me know if you need some references.