One of the biggest myths people believe is... "If my credit score is high enough, I'll automatically get approved for a mortgage." ❌ That's NOT true. A mortgage lender looks at your entire financial picture, not just one number. Here are the 5 things every lender evaluates: 1️⃣ Credit History Your credit score is important, but they're also looking for: - Late payments - Collections - Charge-offs - Bankruptcies - Foreclosures - Repossessions - Overall payment history They want to know... Can you consistently pay your bills? 2️⃣ Income They need to know you have enough income to comfortably afford a mortgage payment. This includes: ✔ Employment income ✔ Self-employment income ✔ Retirement income ✔ Disability income ✔ Child support (when applicable) ✔ Other qualifying income 3️⃣ Debt-to-Income Ratio (DTI) This is one of the biggest reasons people get denied. Your DTI compares: Monthly Debt ÷ Monthly Income The lower your DTI, the better. Too much debt—even with a good credit score—can keep you from getting approved. 4️⃣ Savings Lenders want to know you have money set aside for things like: - Earnest money - Down payment - Closing costs - Emergency savings - Mortgage reserves (depending on the loan) Having savings shows financial stability. 5️⃣ Employment Stability Most lenders like to see a stable work history. Changing jobs isn't always a deal breaker, but consistent employment makes your application stronger. 🩷 Here's the Good News... If one of these areas isn't where it needs to be... That's exactly why you're in Property Over Purses. Over the next six weeks, we're going to work on improving each one of these areas so you can become a stronger homebuyer. Remember... We're not chasing a house... we're building a lifestyle that qualifies us for one. 🏡✨ 💬 Discussion Question Which area do you think will be your biggest challenge? 🏡 Credit 💰 Income 📊 Debt 💵 Saving 💼 Employment Drop your answer in the comments. There are no wrong answers—we're here to grow together.

Future Homeowners... where y'all at?! 👀 Owning a home doesn't happen overnight... it happens one decision at a time. Today's check-in is simple: ✅ Have you pulled your credit report yet? ✅ Have you completed your Homebuyer Readiness Assessment? ✅ Have you started your Week 1 homework? Drop your progress below using ONE of these emojis: 🟢 = I'm DONE! 🟡 = I'm working on it. 🔴 = I need help. Remember... this is a judgment-free zone. We're here to help each other win. Every assignment you complete gets you one step closer to hearing those words... "Congratulations... you're clear to buy your home!" 🏡🔑 Let's hold each other accountable. Now sound off in the comments! ⬇️

A huge congratulations to our evening Property Over Purses Homebuyer Readiness Program students for completing Orientation! 👏💗 Let's give a warm welcome to: ✨ Shakirah Barkley ✨ Hafiza Marshall ✨ Askia Gray ✨ Kendra Williams Thank you for taking the first step toward one of the biggest investments you'll ever make—homeownership! The fact that you showed up, asked questions, and committed to your future says a lot about your determination. Over the next 6 weeks, we'll be working together to: 🏡 Build a strong homeownership foundation 💳 Improve mortgage readiness 💰 Strengthen budgeting and saving habits 📋 Understand the homebuying process 🔑 Prepare you to confidently purchase your future home Remember, every homeowner was once a first-time homebuyer. Your journey starts with one decision, one lesson, and one step at a time. We're excited to walk alongside you and can't wait to celebrate the day you're holding the keys to your new home! 🔑🏠 💬 Drop a 🎉 in the comments and help us congratulate our newest future homeowners!

Welcome to Property Over Purses! We're excited to have you join a community committed to helping you become a confident homeowner. Before diving into the lessons, please complete these simple steps: ✅ Step 1: Introduce Yourself Create a post and tell us: - Your name - City & State - Are you currently renting or owning? - What is your biggest homeownership goal? - What do you hope to learn during this program? ✅ Step 2: Download Your Workbook: (Program Enrollees ONLY) Have your workbook ready before each weekly class. You'll use it to complete assignments and take notes throughout the program. ✅ Step 3: Turn On Notifications Enable notifications so you never miss: - Live classes - Assignments - Announcements - Bonus trainings ✅ Step 4: Review the Community Rules Take a moment to read the Community Guidelines to help us maintain a positive and supportive learning environment. ✅ Step 5: Attend Orientation: (Program enrollees ONLY) Watch the Orientation module before beginning Week 1 so you understand how the program works and what to expect. Your Success Starts Here.... Remember, buying a home isn't just about qualifying for a mortgage—it's about building the financial habits that create long-term wealth. Let's make this journey together. 🏡 Welcome to the POP Family!