How do I know the home amount I can afford?
Typically, a person can purchase a property according to the value of two or three times their annual household income. However, the amount borrowed to make the purchase will be dependent on factors such as employment history, credit history, savings, debts, and the down payment amount you are able to make. It is possible for first-time buyers to take advantage of the special loan program if looking to purchase homes with high values.
To determine the exact amount you are able to afford, contact us and we can provide you with assistance.