Your Homebuying Budget

Buying a home is the biggest financial decision you can make. Knowing your budget and how much you can afford to spend on a home is a critical – dare we say the most important – piece of information you can have going into the homebuying process.

So how do you know how much you can afford? Take into consideration these items listed to determine what your homebuying budget looks like.

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Make your homeownership dreams a reality.

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First, you’ll need to gather some information about yourself:

Your monthly income
Monthly expenses and how much debt you owe each month
How much you have saved for a down payment and closing costs

Then, you’ll need some information about the home you want to purchase:

The price of the home you want to buy
How much money you need for a down payment
The length of the loan and current mortgage interest rates

Once you have a good grasp on these numbers, you’ll be able to estimate how much money you have each month for a mortgage payment. You can also use our mortgage calculator to see what home prices are within your budget!

Now that you know what you’re working with, are you ready to start the home search? Get in touch with one of our mortgage professionals to begin your homebuying journey! Owning a home could be the best decision for you and your family. If you think buying is the next step for you, visit our Purchase Page to learn more, or Contact Us today. We’re here to help you get started.

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Connect with one of our loan officers in your area today.

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About Acrisure Mortgage

Acrisure Mortgage (formerly FBC Mortgage, LLC) is a Top 10 national mortgage lender headquartered in Orlando, Florida. Licensed in 49 states and supported by more than 19,000 dedicated professionals across Acrisure, we specialize in residential mortgage lending through both retail and wholesale/correspondent channels. Our comprehensive offerings include purchase, refinance, construction and renovation loans—tailored to meet the unique needs of homebuyers, homeowners and partners nationwide.

We are proud to serve as a trusted partner to many of the nation’s largest homebuilders and real estate professionals, with a strong foundation of loyal, satisfied clients. Recognized for our commitment to service, innovation and operational excellence, Acrisure Mortgage has received numerous national accolades, including Top 50 Mortgage Companies, Best in Loan Delivery and Best Place to Work honors.

As part of the Acrisure family, we are backed by a global fintech leader that shares our values of innovation, integrity and service. Together, this empowers us to expand our capabilities, leverage world-class technology and resources, and grow alongside the clients and communities we serve.