Tips to Get Mortgage-Ready in 2026
First-time buyers in 2026 should focus on readiness, not rate timing. Pricing constraints remain, so early lender talks and clear budgets can help.
NEW YORK -- First-time home buyers preparing to enter the housing market in 2026 are being encouraged to prioritize readiness over waiting for ideal conditions, as affordability pressures and limited inventory persist.
Buyers who delay in hopes of lower mortgage rates may find that home prices and competition offset potential savings, while understanding a realistic monthly payment range can provide clearer guidance than tracking rate headlines.
Real estate professionals caution that not all online advice applies universally, as lending rules, assistance programs and market conditions vary by location and loan type.
Competition has expanded beyond traditional households, with more single buyers and co-buyers contributing to demand for an underbuilt housing supply. The share of adults living with a spouse has dropped from about 70% in 1967 to roughly 50%, according to U.S. Census Bureau data, and people living alone have tripled from 5% to 15%.
First-time home buyers may strengthen their position by using FHA, VA, and USDA loan options, along with down payment assistance and owner-occupant protections that can limit investor competition.
Early lender conversations can help home buyers address credit and documentation issues before shopping.
Source: Realtor (01/26) Goldschein, Eric
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