Buying a home is the biggest financial decision you can make. Knowing your budget and how much you can afford to spend on a home is a critical – dare we say the most important – piece of information you can have going into the homebuying process.
So how do you know how much you can afford? Take into consideration these items listed to determine what your homebuying budget looks like.
Find out what you can afford.
Get Pre-Approved with our online application tool in as little as 8 minutes.
First, you’ll need to gather some information about yourself:
- Your monthly income
- Monthly expenses and how much debt you owe each month
- How much you have saved for a down payment and closing costs
Then, you’ll need some information about the home you want to purchase:
- The price of the home you want to buy
- How much money you need for a down payment
- The length of the loan and current mortgage interest rates
Once you have a good grasp on these numbers, you’ll be able to estimate how much money you have each month for a mortgage payment. You can also use our mortgage calculator to see what home prices are within your budget!
Now that you know what you’re working with, are you ready to start the home search? Get in touch with one of our mortgage professionals to begin your homebuying journey! Owning a home could be the best decision for you and your family. If you think buying is the next step for you, visit our Purchase Page to learn more, or contact one of our mortgage professionals today. We’re here to help you get started.
Questions About Home Buying?
Talk to one of our mortgage professionals to learn more about financing your new home today.
Why Jet HomeLoans?
At Jet HomeLoans we understand that buying a home is an important, life-changing event. That’s why we’re here to help make your dreams of homeownership a reality. We’re focused on providing you with the highest quality customer service and loan expertise. From our first conversation, to the first steps you take into your new home (and beyond), we’re here for you. We’ll listen to your needs and provide you with a wealth of resources to make the home loan process simple and stress-free.
We offer a vast selection of loan programs, easy-to-use tools, and friendly and personalized service to ensure a convenient and stress-free home loan journey. Clear and constant communication and timely status updates will keep you informed and reassured throughout the entire home loan process. So, if you’re ready to invest in your future, let Jet HomeLoans help you land the home of your dreams.
All information presented is for educational purposes only and not intended as financial advice.
Romantic Ideas For Spending Valentine’s Day at Home
Want to spend Valentine’s Day in the comfort of your own home this year? There are plenty of ways to make Valentine’s Day special without going to a fancy restaurant or spending lots of money. Check out these romantic date ideas!
How Temporary Buydown Programs Can Increase Affordability For Home Buyers
Overwhelmed by high interest rates? Luckily, there are programs specifically designed to help home buyers afford homes even when rates are high. We’ll break down different temporary buydown programs, the specifics of how a temporary buydown works, and examples of what this could look like for a potential buyer.
Conforming Loan Limit Increase for 2023
The Federal Housing Financing Agency has recently announced that the new conforming loan limit for 2023.
