Pittsburgh Home Buyer Affordability Calculator

Zillow’s Pittsburgh home buyer affordability calculator will help home buyers in Pittsburgh estimate how much you can afford.  Searching for a new home, second home or your first home?  Getting pre-approved for a loan is the first step to a successful and efficient home search.   Looking for Squirrel Hill real estate, Shadyside real estate, a Downtown condo, a home in the suburbs of Fox Chapel?  Where ever buyers are looking it’s important to know exactly how much home they can afford when starting their search.

Banks and mortgage brokers have different criteria for different types of properties.  Criteria also differs with each client since lenders base the rate of the loan on the clients credit score.  For example, a condos is more difficult to finance then a single family home and often requires a minimum of 20% down if it’s not a FHA approved building.  Home buyers often make the mistake of looking for homes before getting pre-approved.  Often these buyers can not afford the properties they have spent valuable time looking at.  Being pre-approved in the beginning will allow clients and their Realtor to know exactly how much they can afford.  It’s also important to know what type of loan (FHA, VA, Conventional, ARM) is available for the specific type of property and client.

Zillow’s home affordability calculator will help you understand what price range is comfortable for you and how much home you can afford based on the data you enter. Need a great mortgage broker in Pittsburgh? Call Liz Caplan at 412-302-2645 for a list of top lenders and mortgage brokers in the Pittsburgh area and to assist with getting pre-approved for a loan.

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