Compare total structure
Down payment is only one consideration. Review interest rate, mortgage insurance, reserves, eligible property types and the long-term plan for the loan.
Confirm employment timing
Some programs may consider an employment contract or future start date when specific requirements are met. Contract terms and closing timing should be reviewed early.
Account for student debt
Student-loan treatment differs by program and documentation. Use the applicable guideline rather than assuming the calculation will be identical everywhere.
This guide is for education only and is not a commitment to lend or financial, legal or tax advice.