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Home Affordability Calculator from Veterans United Home Loans

How Much House Can I Afford?

    1. 1. Your Annual Income

      Your pre-tax income from any employment, Social Security, disability and retirement. If you'll be adding your spouse as a co-borrower, include their income as well.

      Self Employed?
      Average the net income from your last 2-years' tax returns to estimate your annual income.

    • Let's find out how much home you can afford.
      What's your estimated annual household income before taxes?

    2. 2. Your Monthly Payments

      Include any regular payments you make toward debt obligations like credit cards and auto loans. If you pay monthly child support, alimony, or daycare expenses, include those as well.

    • What are your monthly expenses?
      You don't need to count your current rent, utilities or incidentals like food and gas.

      • Do include recurring monthly expenses like:

      • Auto loans
      • Student loans
      • Credit card minimums
      • Child support / alimony
      • Child care expenses
      • Other obligations

    3. 3. Property Location

      We'll use this information to estimate taxes and insurance in the next step.

    • Where are you planning to purchase a home?

    4. Customize Your Numbers

      • $

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        Your pre-tax annual income from any employment, Social Security, disability and retirement.

      • $

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        Include any regular payments you make toward debt obligations like credit cards and auto loans.

      • Change property location…
      • $

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        You may not need to make a down payment if you're eligible to use the VA home loan program.

      • (3.941% APR) %

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        This estimated rate is based on the current market average, but may differ based on several factors.

      • %

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        Property taxes are generally estimated to be 1.2% of the home's value, but may vary based on your location.

      • %

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        Annual homeowners insurance is typically 0.35% of the home's value but can vary based on insurer.

      Apply Changes

    • It appears your debt-to-income (DTI) ratio DTI is a simple ratio that factors in your current debt load with your gross monthly income. is too high. Please review your monthly payments and be sure you're not including mortgage or rent expenses. Edit My Numbers

      What can I do now?

      We encourage you to call (931) 920-2252 to speak with a specialist who can take you step-by-step through the process.
      How we determine affordability We'll use the information you provide about your income and expenses to calculate an initial debt-to-income (DTI) ratio. This key mortgage industry metric looks at your monthly debts in relation to your overall monthly income.
      Read more about loan prequalification guidelines »
      More helpful resources:

    • This is what you can afford in

      350
      Recommended Stretch Risky
      $

      You may have trouble affording a home in this price range.

      • Your monthly payment $0,000 on 30-year fixed loan with 3.9% interest

    • 0000
    • 150
    • 44
      • Make this estimate a reality today!
      A dedicated Loan Specialist is standing by ready to help you with the real deal — Prequalification!

    5. Get Prequalified Today! No Obligation

      No Money Down
      Lower Monthly Payments
      Easier to Qualify
      99.5% Customer Recommendation Rating!
      4.9 out of 5 Average Customer Satisfaction Rating
      * Based on 2,924 verified post-closing customer surveys from Jan 2013 – Jun 2018.
      99.5% of those surveyed would recommend Veterans United to friends and family.

      Read our more than 2,000 reviews from Veterans United customers »

      Read real reviews from our homebuyers
    • What is your branch of service?

    6. 10 Years of Dedication to the Military Community

      For more than a decade, Veterans United has been an industry leader in educating the military community about the mortgage and homebuying process.

      99.5% Customer Recommendation Rating!
      4.9 out of 5 Average Customer Satisfaction Rating
      * Based on 2,924 verified post-closing customer surveys from Jan 2013 – Jun 2018.
      99.5% of those surveyed would recommend Veterans United to friends and family.

      Read our more than 2,000 reviews from Veterans United customers »

      Read real reviews from our homebuyers
    • When are you planning to make your home purchase?

    7. Guided by Military Leadership

      "The expertise and dedication of this company is unparalleled. You're in good hands with Veterans United."

      Kenneth O. Preston
      13th Sergeant Major of the Army
      Veterans United Military Advisor*

      99.5% Customer Recommendation Rating!
      4.9 out of 5 Average Customer Satisfaction Rating
      * Based on 2,924 verified post-closing customer surveys from Jan 2013 – Jun 2018.
      99.5% of those surveyed would recommend Veterans United to friends and family.

      Read our more than 2,000 reviews from Veterans United customers »

      Read real reviews from our homebuyers
    • What is your current credit score?

    8. Dedicated VA Loan Provider

      We've helped more than 100,000 Veterans and Military Families achieve the dream of homeownership.

      Now, it's your turn.

      99.5% Customer Recommendation Rating!
      4.9 out of 5 Average Customer Satisfaction Rating
      * Based on 2,924 verified post-closing customer surveys from Jan 2013 – Jun 2018.
      99.5% of those surveyed would recommend Veterans United to friends and family.

      Read our more than 2,000 reviews from Veterans United customers »

      Read real reviews from our homebuyers
    • What is your current ZIP code?

    9. More than Mortgages

      We treat our customers like family.
      We'll see you through to the finish with personalized service from a loan team dedicated to helping you achieve your dreams.

      99.5% Customer Recommendation Rating!
      4.9 out of 5 Average Customer Satisfaction Rating
      * Based on 2,924 verified post-closing customer surveys from Jan 2013 – Jun 2018.
      99.5% of those surveyed would recommend Veterans United to friends and family.

      Read our more than 2,000 reviews from Veterans United customers »

      Read real reviews from our homebuyers
    • What is your name?
      Your information is secured by 256-Bit SSL encryption.

    10. A commitment to exemplary customer experience

      "This was my first home buying experience and I really expected the process to be more complicated and scary. It was a piece of cake with Veterans United!"

      Jocelyn F., California
      Veterans United Customer

      99.5% Customer Recommendation Rating!
      4.9 out of 5 Average Customer Satisfaction Rating
      * Based on 2,924 verified post-closing customer surveys from Jan 2013 – Jun 2018.
      99.5% of those surveyed would recommend Veterans United to friends and family.

      Read our more than 2,000 reviews from Veterans United customers »

      Read real reviews from our homebuyers
    • Your information is secured by 256-Bit SSL encryption.

    11. 75 Years Strong

      Take advantage of this historically strong benefit.
      Join your fellow Veterans and service members who have used the VA Loan more than 20 million times.

      99.5% Customer Recommendation Rating!
      4.9 out of 5 Average Customer Satisfaction Rating
      * Based on 2,924 verified post-closing customer surveys from Jan 2013 – Jun 2018.
      99.5% of those surveyed would recommend Veterans United to friends and family.

      Read our more than 2,000 reviews from Veterans United customers »

      Read real reviews from our homebuyers
    • What is your current street address?

    12. This a great opportunity! Every day more than 1,000 Veterans start their homeownership journey right here.

      99.5% Customer Recommendation Rating!
      4.9 out of 5 Average Customer Satisfaction Rating
      * Based on 2,924 verified post-closing customer surveys from Jan 2013 – Jun 2018.
      99.5% of those surveyed would recommend Veterans United to friends and family.

      Read our more than 2,000 reviews from Veterans United customers »

      Read real reviews from our homebuyers
    • What is your phone number?
      Your information is secured by 256-SSL encryption.
    • By submitting this form, I acknowledge and agree to the privacy policy and terms and conditions; I consent to transaction communications, to allow my information to be shared with lending partners, and to receive autodialed calls and/or text messages from Veterans United Home Loans, its lending partners, or its affiliates at the number provided. Consent is not a condition of service.
Speak with a Home Loan Specialist today (931) 920-2252 or Get Started Online

Want to learn more?

How we determine affordability

We'll use the information you provide about your income and expenses to assess your debt-to-income ratio (DTI). The debt-to-income ratio represents the percentage of your monthly gross income that you pay toward debt obligations and a proposed monthly mortgage payment.

Read more about loan prequalification guidelines »

Total debt-to-income (DTI) ratio

You don't have to be debt-free to buy a home — most homebuyers have debts that they pay each month. But your DTI will play a major role in how much you're able to borrow for a mortgage. Budgeting, building reserves, and practicing your mortgage payment can help you assess your homeownership readiness and reduce debt.

Read more about financial preparation for homeownership »

Closing costs and VA loans

Regardless of loan type, interest rate or down payment amount, every mortgage comes with some up-front costs. Some homebuyers pay these costs out of pocket, while others negotiate for the sellers to help cover them.

Closing costs can be roughly grouped into two categories. Loan-related costs typically include lender fees, Title Company or attorney fees, discount points, appraisal and inspection costs. Tax & insurance premiums, HOA fees, and real estate agent commissions are examples of non-loan closing costs.

Read more about including closing costs in your purchase offer »

VA vs. conventional loan

Eligible VA buyers can benefit from $0 down financing options and no monthly PMI — features that you can't find with conventional mortgage products. But there's no one-size-fits-all mortgage solution. The best loan for you depends on your financial profile and your priorities.

Compare the loan types side-by-side »

VA Loans VA Loan
Basics

 

The VA loan program has helped millions of service members, veterans and military families secure home financing since its creation in 1944.

Read more about VA Loan Basics →

Starting the VA Mortgage Process Where to Start: Lender or Real Estate Agent?

 

While you can start the homebuying journey with a real estate agent, talking first with a trusted VA lender offers a few key advantages.

Read more about Where to Start →

Starting the VA Mortgage Process VA Loan
Prequalification

 

Loan prequalification and preapproval are incredibly important steps that give homebuyers a clear sense of their purchasing power and what they can realistically afford.

Read more about VA Loan Prequalification →

Note: This home affordability calculator provides a broad estimate of mortgage affordability. To get a personalized quote from a trusted loan specialist, call (931) 920-2252 or Get Started Online.

*Veterans United Military Advisors are paid employees of Veterans United Home Loans.

Speak with a Home Loan Specialist today
(931) 920-2252
- or visit us at -
107 Center Pointe Drive, Clarksville, TN 37040
A VA approved lender; Not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency.