How Much Home Can I Afford?

"What can I afford?" Now that's the real question. You don't want to get in over your head, but you don't want to settle for less of a home than you really want, either.

Accunet will help you answer the question quickly and easily, usually in 30 minutes or less. And it's free. We just need basic information about your income, your employment history, credit history and savings, all of which you can give us by phone toll free at 877-299-9797 or on line. Estimates are fine - we don't need precise figures and account numbers. Just the information in your head.

While there are still rules of thumb for how much home you can afford, there are no hard and fast "rules" for determining your maximum home purchase price. Instead, Accunet has direct access to the computerized loan decision tools that determine your maximum home payment by evaluating the combination of the following five facts:

Your house payment as a percentage of your gross income before income taxes are deducted (your "housing ratio"). RULE OF THUMB = 28% TO 40%. Don't forget that property taxes are a part of your monthly payment, so buying in a community with lower taxes can increase your purchasing power;
Your other monthly debts (car payments, credit cards, student loans, etc.) plus your proposed house payment as a percentage of your income (your "total debt ratio"). RULE OF THUMB = 36% TO 45%;
Your credit scores, (the higher your scores, the more of your income you can devote to your house payment and the lower your down payment can be);
The amount of your down payment as a percentage of the purchase price of the house;
The amount of savings you'll have left over after purchasing your home (called "reserves") - these can take the form of retirement accounts, cash value in life insurance or regular taxable investments like mutual funds, savings accounts, or CDs.

For our 1st time buyers; we offer special loan programs designed to get you more home for your hard earned money. Meet our loan consultants who will guide you through the entire mortgage process. They can also help you:

select a real estate agent,
write a strong offer to help get your new home at the lowest possible price, and
evaluate down payment options and closing costs so you know exactly how much money you'll need.

We want you to know you'll enjoy working with us, so check out customer comments from real past clients who want to tell you just how much they enjoyed their Accunet Mortgage experience.

Click here to start your pre-approval and find out just how much house you can afford. It's quick, easy, and it's FREE. What's holding you back? We're ready when you are.