Blog > How Do I Determine How Much Home I Can Afford?
Affordability depends on more than just your income — lenders also look at your debt-to-income ratio, credit score, and savings for down payment and closing costs. A general rule is to keep total housing expenses under 30% of your gross monthly income. Pre-approval with a lender will give you a clear financial picture, including your monthly payment estimates. It’s also smart to factor in property taxes, insurance, HOA dues, and potential maintenance costs. Buying a home should feel comfortable — not financially stretched — so plan conservatively.
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