Frequently Asked Questions

6. How do I know if I can get a loan?

Answer: Use our simple Affordability Calculator to see how much mortgage you can afford. If the amount you can afford is significantly less than the cost of home that interests you, contact a real estate broker or a housing counseling agency. They will help you evaluate your loan potential and can help you choose a lender with a program that might be right for you.

Also, consider pre-qualifying for a loan. Go to a lender and apply for a mortgage before actually starting to look for a home. You then know exactly how much you can afford — and once you find a home the process is much faster.