Can I Be a Home Owner?

How much can I afford?
Payment calculator
Costs of owning a home
Find a homebuyer program
Getting pre-qualified for a loan

Finding a Home

Making an Offer on a Home

Applying for a Loan

Inspections

The closing process

Glossary

Costs of Owning a Home

You should not purchase a home unless you feel comfortable that you can make the mortgage payments and be able to pay for other housing-related costs. These include upfront costs and ongoing costs.

Ongoing costs include your utilities, mortgage payment, property taxes, homeowner's insurance, maintenance and other expenses. Mortgage insurance may also be required depending on the amount of your down payment.

Some additional housing costs to keep in mind when calculating moving expenses are furniture, appliances, lawn and garden equipment, or any repair work that may need to be done before you move in.

Upfront purchase costs include the down payment and costs related to closing and settling-in. You may qualify for assistance to cover some of your closing costs. Other programs may help you with your down payment or provide other assistance that will help you purchase a home. Click here to start your search for a Home Buyer Program that fits you.