How to Get Ready to Buy a Home in 6 Months
A step-by-step guide to saving smart, building confidence, and buying local
Buying a home is one of the biggest financial decisions many people make. Whether you're dreaming of your first home or planning to move, the best way to prepare is to start early.
At Kentland Bank, we help customers every day build toward the future they want. If you're thinking about buying a home within the next six months, here’s a roadmap to help you move forward with clarity and confidence.
Month 1: Define Your Goal and Open a Dedicated Savings Account
Start by getting clear on what you want to spend and how much you’ll need to save.
- Determine your ideal price range
- Estimate your down payment (usually 3% to 20%)
- Factor in closing costs, inspections, and moving expenses
Tip: Open a dedicated Kentland Bank savings account just for your home journey. Keeping your savings separate makes it easier to stay focused and avoid using it for everyday expenses. You can also set up automatic deposits to stay consistent.
Month 2: Know Where Your Credit Stands
Your credit score affects mortgage approval and interest rates.
- Review your credit report and correct any errors
- Pay down credit cards and keep balances low
- Avoid opening new credit accounts
Improving your credit now can help you save money in the long run.
Month 3: Set a Monthly Savings Plan
Once you know your down payment goal and timeline, it’s time to start saving with intention.
- Divide your goal by the number of months left
- Set up automatic transfers into your home savings account
- Consider a short-term CD if you don’t plan to use the funds right away
Ask us about current CD options or savings accounts that match your plan.
Month 4: Get Pre-Qualified for a Mortgage
Pre-qualification gives you a clearer picture of what you can afford and shows sellers you’re ready.
- Connect with a Kentland Bank lender to review your options
- Learn what documentation you’ll need
- Get advice on loan programs and estimated monthly payments
If you already have a savings account with us, the process may be even easier.
Month 5: Build Your “Ready to Buy” Checklist
Start gathering paperwork and thinking about neighborhoods and features you want.
- Collect your W-2s, tax returns, pay stubs, and bank statements
- Decide on your must-haves and nice-to-haves
- Start touring homes in your price range
Need help staying organized? Ask us for a copy of our Homebuyer Checklist.
Month 6: Review Your Progress and Get Ready
As your timeline gets closer, reconnect with your lender to finalize your next steps.
- Make sure your savings is on track
- Explore locking in an interest rate
- Get pre-approved if you're ready to make an offer
Stay in touch with your Kentland Bank team. We’ll be here to guide you through closing day and beyond.
Start Saving with a Purpose
Whether you're just getting started or ready to take the next step, we’re here to help.
- Visit your local Kentland Bank branch or open a savings account online
- Talk with a banker about setting up a Mortgage Savings Plan
- Download your 6-Month Homebuyer Checklist to stay organized
We’re proud to be part of your journey. Let’s build something together.
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