What Can I Afford?
What Can I Afford?
Owning a home is an exciting goal — and the first step is understanding what you can comfortably afford. Once you’ve built up a stable income and savings, it’s time to look at loan options and start mapping out your budget.
Review Your Budget
Let’s start with your priorities. I’ll help you look at the current market value of homes that fit your wish list, while also factoring in things like repairs, renovations, insurance, down payment, closing costs, and other expenses. This gives us a realistic picture of what your budget should look like.
Get Pre-Approved
Pre-approval is one of the most important steps in the process. It’s quick, straightforward, and gives you a clear idea of what you can afford. Even better, it positions you as a serious buyer when you make an offer. With a pre-approval in hand, you’ll not only know your budget but also have the chance to explore loan options and find the best fit.
Consider All Variables
Lenders look at more than just your income when qualifying you for a loan — and you should, too. Beyond savings and assets, you’ll want to factor in:
Existing debts (auto loans, credit cards, etc.)
Ongoing obligations (property taxes, insurance, HOA fees, etc.)
At the end of the day, it’s not just about how much you qualify for — it’s about what you’re comfortable paying month after month.
The Final Decision
If you’re approved for a high loan amount but the monthly payment stretches you too thin, it’s time to reevaluate. The goal is to find a home you love and feel confident affording — without compromising your financial peace of mind.
How We Can Help
By connecting with a loan officer early, you’ll save time, avoid surprises, and move forward with confidence. Together, they’ll:
Walk you through loan options
Help strengthen your application if needed
Answer questions along the way
Guide you step-by-step through the process
And I’ll be right here to make sure you feel prepared and supported every step of the way.