Home/First-Time Buyer Tool
Verified Accuracy 2026

First-Time Home Buyer Affordability Tool

Stop guessing. See exactly what you can afford with current 2026 interest rates and down payment programs.

Verified Accuracy 2026

Your Financial Picture

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Comfort Level

Use 45% of income. Standard approval limit for most loans.

Comfortable Home Price

$0

Est. Monthly Payment: $0

*Estimates include Principal, Interest, Taxes, and Insurance.

Market Snapshot

Unlock inventory trends for your specific price range.

1.2M
Total Homes Available

United States Aggregate

49 Days
Avg Time on Market

National Average

+3.4%
Year over Year

Steady national appreciation.

The First Step to Ownership

Buying your first home is exciting, but the math can be intimidating. "How much house can I afford?" is the #1 question for first-time buyers.

This tool goes beyond simple multiplication. We look at your Debt-to-Income (DTI) ratio, which is the specific metric lenders use to qualify you.

What is a "Comfortable" Mortgage?

Lenders might approve you for more than you should spend. We recommend the 28/36 Rule:

  • 28% of your gross monthly income should go towards housing (principal, interest, taxes, insurance).
  • 36% of your gross income should go towards all debts (housing + student loans + car payments).

First-Time Buyer Down Payment Options

  • 3% down — Conventional loan (Fannie/Freddie backed)
  • 3.5% down — FHA loan (score 580+)
  • 0% down — VA loan (veterans) or USDA loan (rural areas)

Frequently Asked Questions

How much house can I afford as a first-time buyer?
Use the 28% rule: your monthly housing cost should not exceed 28% of your gross monthly income. Our calculator applies this automatically.
What is the minimum down payment?
As low as 3% with a conventional loan or 3.5% with FHA. VA and USDA loans allow 0% down for qualifying buyers.
What credit score do I need?
620 minimum for conventional, 580 for FHA. A 740+ score unlocks the best interest rates.