Establish How Much Home You Can Afford A key step in the homebuying process is determining your price range. Here’s a simple way to approach it

Mortgage payment — The principal and interest you pay to your lender.

Property taxes — The money you may have to pay to your city, county and state to support schools and public services.

Homeowner association fees — The fees you may have to pay if you live in a condo, co-op or home with a neighborhood association.

Utilities and maintenance — The costs to maintain and repair your home, as well as fees for utilities like water and electricity.

Closing costs — The additional fees paid to cover the legal costs of buying your home.

Homeowners insurance — The cost of insurance to help you cover costs of property loss and damage in the event of theft, fire, storm and other potential covered risks to your home and possessions.

Finalize the Loan : Once your offer is accepted, finalize your loan with your mortgage provider. Mortgage lenders typically require a list of documents

Mortgage lenders typically require a list of documents such as pay stubs, W-2 forms or your previous year's tax return to help them confirm your eligibility.

Quick tip: Share your moving timeline with your insurance agent to help get a home insurance policy in place before closing.