Get preapproved. With mortgage programs changing all the time, it is important that you understand your options before you look at a property. When you get Priority Approved, you will be ahead of buyers that did not meet with a lender prior to making an offer. Priority Approval tells you what you can afford and helps us jointly developed a plan that will meet your needs. It also tells a seller that you qualify to buy their property and they can have confidence in your offer.
See here for first-time buyer information