How much house can I afford?

How much house can I afford?

"How much house can I afford?" That’s a great question. Helping you understand your limitations and capabilities ensures that you get as much home as possible without getting in over your head. That’s what partnership is all about.

The Federal Savings Bank can help you estimate your purchase power by utilizing one of our convenient mortgage payment calculators. This is a fast and easy way to get an initial indication of affordability. But an accurate evaluation can only be determined by understanding your unique needs and characteristics. Our Bankers can help you determine your true buying power simply and easily, and at absolutely no cost to you (yes, it’s Free!). Simply call us at 877.788.3520 or your Mortgage Banker directly, and we’ll ask you a few simple questions about your income, employment, credit history, and your savings. Why do we need to know this? Our offerings are uniquely tailored to each individual borrower. No two situations are alike, and our Bankers are trained to quickly and efficiently direct you to best solution. You deserve to be rewarded for paying your bills on time and saving responsibly.

Affordability is important to every potential home owner, but it’s especially critical for our first time home buyers. That’s why The Federal Savings Bank offers a broad array of low down payment programs. But we go even further. We also offer our first time buyers special financing – in some cases that means as little as 0-15% down payment with no private mortgage insurance (link to FAQ ‘what is private mortgage insurance’). And because we control the entire process (link to ‘perfect mortgage experience), our rates are typically better than other banks and mortgage lenders.

Still have questions? Call us at 877.788.3520 or your TFSB banker directly if you have already established a relationship with one. If you are ready to apply, then let’s go!

So you can afford the house, great news! What’s next?