text: what steps need to be taken into consideration when applying for a morgage?   the loan officer will want to see a positive credit history, proof of income, job stability, and down payment information.    you should not get the maximum amount of a mortgage for which you qualify.  property taxes and insurance premiums can go up, and there are a lot of expenses associated with owning a home.  you want to stay under the maximum amount so that you have some breathing room in case you have unexpected expenses.