California Home Buying- Buying a Home in California

A self guide to determine for how much you may qualify!

Enter the information below to estimate how much home you can afford. The results are estimates. Depending on your credit, income, down payment and cash reserves you may qualify for a higher loan amount. Apply online to become pre-approved. This calculator is not to be used for conventional or VA home loans. How to calculate gross monthly income

How to calculate long term debt

FHA Home Loan Qualifier

	Enter your gross monthly income
	Enter your monthly long-term debt payments
	Enter the down payment you will make (%.) Minimum down is 3%.	%
	Enter the length of the loan in years
	Enter the interest rate of the loan	%
	Enter the price of a home you have in mind (optional)

FHA Financing Results
	The amount allowed each month for your housing expense and long term debt payment is:
	Your estimated monthly allowable housing expense is: *
	Your estimated monthly principal and interest payment is:
	Your estimated maximum qualifying loan amount is: Maximum FHA loan amount is determined by your area. Review FHA Loan Limits. Your maximum loan will be determined by your maximum qualifying loan amount or maximum FHA loan amount for your area, which ever is lower.
	Your estimated home affordability price is:
	Is the home you have in mind in your affordability range?
*The housing expense includes the loan's principal and interest, estimated property taxes, home owner's insurance and FHA mortgage insurance.