Simple home affordability illustration.

How to Find out how much house you can afford

Before you start shopping for your next new home, it's a good idea to determine how much mortgage / house you can comfortably afford.

Most borrowers will want to consider these 4 basic financial indicators before making a new home purchase:

  1. Monthly Income
  2. Available Funds for Down Payment
  3. Monthly Expenses
  4. Credit Score

It's also important to consider getting pre-qualified by a licensed Residential Mortgage Loan Originator. This can help strengthen your offer to the seller by documenting that you are, in fact, a "Qualified Buyer."

An experienced mortgage expert from a top-rated mortgage company like Highlands Residential Mortgage will be able to offer you several loan options based on your needs and assist you in finding the best one available.

Contact us today to check your eligibility and get Pre-Qualified.