Question: what are the qualifications to purchase a house?
Answer: A Decent Credit Score. ... , Two Years of Employment with the Same Company. ... , Enough Money Saved for the Down Payment. ... , Debt-to-Income Ratio Below 41% ... , Budget for Extra Costs. ... , A Pre-Approval Letter. ... , A Knowledgeable Real Estate Agent. ... , Know if You Want a Fixed-Rate or Adjustable-Rate Mortgage.