• Income: Gross monthly income from all sources (salary, bonuses, side income)

• Debt-to-income ratio: Total monthly debt payments shouldn't exceed 28-36% of income

• Down payment: Amount you can put down (typically 3-20% of home price)

• Credit score: Higher scores qualify for better interest rates and loan terms

• Additional costs: Property taxes, homeowners insurance, PMI, and HOA fees

• Property taxes: Typically 1-2% of home value annually (varies by location)

• Homeowners insurance: Usually 0.3-1.5% of home value per year

• PMI: Private mortgage insurance if down payment is less than 20%

• Maintenance and repairs: Budget 1-3% of home value annually

• Utilities and HOA fees: Monthly costs that vary by home size and location

• Improve credit score: Pay down debt and make payments on time for better rates

• Save larger down payment: Reduces monthly payments and eliminates PMI

• Pay down existing debt: Lower debt-to-income ratio increases affordability

• Increase income: Side jobs or raises can boost your qualifying amount