The New Year is here, and if buying a home is one of your goals, now is the perfect time to get serious about it! Whether you're hoping to purchase your first place or make the move from renting to owning, setting smart, achievable resolutions can help turn your homeownership dreams into a reality.

Here are three realistic and effective resolutions to help you become a homeowner this year:

1. Strengthen Your Financial Standing

Before you even start looking at homes online, take a good look at your finances. Lenders evaluate factors such as your credit score, debt-to-income ratio, and job history to determine whether you're a good candidate for a mortgage.

A good place to begin is by checking your credit and addressing any errors or outstanding debts. According to Experian, the average FICO score in the U.S. is around 701. Here’s how scores generally break down:

• Exceptional: 800–850
• Very Good: 740–799
• Good: 670–739
• Fair: 580–669
• Poor: Below 580

A higher credit score can help you qualify for better loan terms. If you have outstanding debts, make a plan to pay them down. Avoid large new purchases, and try to reduce your overall credit utilization.

Job stability also plays a role in the approval process. If you've recently switched jobs, especially within the past two years, it may impact how a lender views your application. If possible, try to maintain a steady employment history during this time.

2. Connect With Real Estate Professionals Early

Getting pre-approved for a mortgage is more than just paperwork—it's a powerful step that shows sellers you’re serious. A lender can help you understand how much you can afford and what loan options are available for your situation.

Once pre-approved, partner with a licensed real estate agent, or Realtor®. These professionals are your guide through the entire process, from house hunting to closing. A good agent will help you navigate contracts, negotiations, and inspections while keeping your goals front and center.

And speaking of inspections: even if they’re not required, they’re always a wise investment. A home inspection can uncover hidden and costly issues to give you peace of mind before making such a big purchase.

3. Build and Stick to a Realistic Budget

Buying a home doesn’t just mean affording the monthly mortgage. You’ll also need to plan for:

• Property taxes
• Homeowner’s insurance
• Utilities
• Maintenance
• Possible HOA fees

Start by creating a monthly budget that accounts for all your expenses. See where you can cut back (unused subscriptions, frequent dining out, impulse purchases) and reroute that money into savings.

Even small steps—like automating a portion of each paycheck into a down payment fund—can add up over time. 

Remember: just because a lender approves you for a certain amount doesn’t mean you need to spend it all. Focus on what you’re comfortable affording long term.

A Resolution Worth Keeping

Becoming a homeowner may feel like a big goal, but with the right plan in place, it’s absolutely achievable. By focusing on your finances, building a support team, and sticking to a realistic budget, you’ll be ready to make your move with confidence.

Here’s to new beginnings, big goals, and a home to call your own.

Sources:

• Experian: What Credit Score Do I Need to Buy a House?
• Bankrate: How to Prove Income to Qualify for a Mortgage
• Rocket Mortgage: What Credit Score Do Mortgage Lenders Use?
• U.S. Bank: Getting Prequalified vs. Preapproved
• Zillow: How Much House Can I Afford?