Fix your credit.
Most people can qualify for a home loan if they have a credit score of 650 or higher. However, the best interest rates are reserved for those that have a score of 750 or higher. The interest rate you pay is a big deal—a better rate can save you tens of thousands of dollars over the life of the loan. Many financial advisers will tell new home buyers to spend some time repairing their credit if their score is low. You may have to wait a little longer to buy, but it can be well worth it.