How do I determine how much house I can afford and qualify for?

  • Mortgage experts day that the average household can afford to pay up to 30% of their gross (before tax) monthly income. ( $5,000 per month = $1,500 mortgage payment)
  • The amount that you can borrow will ultimately depend on your credit, employment history, current assets and liabilities; in addition to the amount of money that you are willing to put toward a down payment.
  • If you are a first time home buyer, you may be able to qualify for a special “Down Payment Assistance” loan program, to help you purchase a home almost no money down. Call us now to see if you are eligible for this incredible state sponsored program.
 
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