You must first go through these steps before looking to purchase a home:
A buyer may get a pre-qualification completed by a bank or mortgage company before looking for a home to purchase. The pre-qualification will give you a good idea of how much house you can afford.
A Pre-Approval is much better than just a Pre-Qualification because a Pre-Approval means the buyer has been approved for a potential mortgage by the bank. It is wise to already have a Pre- Approval letter from a bank or mortgage company before you start the search for a home to buy.
The pre-approval will speed up the process and you will know the amount of a mortgage that would be available. Make sure you don’t automatically start looking for a home at the top amount of the pre-approval. Make sure the mortgage monthly payment is something you know you can easily pay and the price of the home is reasonable.
For a pre-approval letter the buyer will need to submit proof of income, assets, employment, credit score and other documentation required by the bank or mortgage company.
Looking for landlords who will take a Section 8 voucher?
Ask your housing authority if they have a list of landlords who accept Section 8 Housing Choice Vouchers.Cathy Watkins says:
"I’m just glad I could find Affordable Housing Online. If I can find a low-income rental, I can see retirement."