What’s the First Step in Purchasing a Home? A Portland Buyer’s Guide to Getting Started

The First Step in Buying a Home: Get Pre-Approved

If you’re dreaming about buying a home in Portland, the first step isn’t scrolling Zillow—it’s getting pre-approved for a mortgage. Why? Because understanding your buying power sets the foundation for everything that follows: your budget, your search, and ultimately, your success in today’s competitive market.

💰 Why Pre-Approval Comes First

Pre-approval is more than a quick online estimate—it’s a lender’s commitment that, based on your financial profile, you’re qualified up to a certain loan amount. This letter shows sellers that you’re a serious, ready buyer and gives you the confidence to move quickly when you find “the one.”

So what?
In Portland’s fast-paced housing market, homes can go pending within days. Having your financing in order helps you stand out among other buyers and negotiate from a position of strength.

🧾 What You’ll Need for Pre-Approval

Your lender will review:

• Income verification (pay stubs, W-2s, or tax returns)

• Credit history and score

• Bank statements and assets

• Debt-to-income ratio

The process is straightforward and usually completed in a few days. Once you’re pre-approved, you’ll know your price range—and avoid falling in love with homes outside your budget.

🏡 Next Steps: Partner With a Local Realtor

After pre-approval, it’s time to team up with a local Portland Realtor who understands the neighborhoods, market shifts, and strategies that help buyers win in multiple-offer situations.
At Lisa Mehlhoff Homes, Portland Realtor, I help buyers navigate every phase—from lender connections to neighborhood insights and negotiation strategy—so you can move from “house hunting” to “homeowner” with clarity and confidence.

💡 So What’s the Takeaway?

Getting pre-approved isn’t just a box to check—it’s your green light to start shopping strategically. It saves time, strengthens your offers, and sets you up to make smart financial choices.

📞 Ready to take your first step toward homeownership in Portland?
Connect with Lisa Mehlhoff Homes, Portland Realtor for trusted local guidance and resources to help you find (and win) your dream home.