How much money can I borrow to buy a home?   To begin, you'll need to figure out what your gross income is (before taxes) monthly and yearly.  To get a quick ballpark figure, take the yearly income of yourself - and your co-purchaser if applicable - and multiply by 2 to 2 1/2.  Most people will fall into this category.  There are other things to consider, however.  If you have a large down payment combined with little to no bills, the lender may believe that you could afford a more expensive home than the ballpark figure allows. To get a quick ballpark figure, take the yearly income of yourself - and your co-purchaser if applicable - and multiply by 2 to 2 1/2.  Most people will fall into this category.  There are other things to consider, however.  If you have a large down payment combined with little to no bills, the lender may believe that you could afford a more expensive home than the ballpark figure allows. Susan and Steve Hanson donate a portion of every transaction to the American Cancer Society. Hanson Realty Group 10 Mayflower Road Silvermine, CT 06850    office: 203.247.3763 fax: 203.682.4307 info@hansonrealtygroup.com All pages Copyright ©2008 Hanson Realty Group Sitemap