How much mortgage can I afford?

This is the most often asked question from new homebuyers. Are some of your potential homebuyers putting off the decision to buy because they believe they must have 20 percent or more for a down payment? Fact: With assistance programs and certain loan programs, down payments can be even less. The necessary down payment is lower for many buyers than they realize.

Here is a list of resources to share with your clients that may include down payment and closing cost assistance.

Download and share this mortgage program flyer

Housing affordability resources to share

How much mortgage an I afford

Homeownership: How Much Can I Afford

Download this guide to help clients determine if they can qualify for a mortgage loan, learn about home affordability and closing costs.

Homeownership Cost

Homeownership: Understanding the Cost

This guide helps clients understand the costs of owning a home beyond the mortgage and taxes and how to budget for them.