How Much Home Can I Afford? What Every First-Time Buyer Should Know This Spring

Spring is one of the best times to enter the housing market - inventory rises, sellers are motivated, and buyers get a fresh start. If you’re a first-time buyer, it’s the perfect season to make your move. But before you start browsing listings, there's one big question to answer: how much home can I afford?

At Opulence Home Equity, we help first-time buyers get clear, confident answers - not just pre-approvals. Let's walk through what you should know before house hunting this spring.

Start With a Pre-Approval

Before you tour your dream home, get pre-approved for a mortgage. This tells you exactly how much a lender is willing to give you - and makes you a stronger buyer in the eyes of a seller.

With Opulence, we provide quick, personalized pre-approvals - and we guide you through what affects your numbers, like your income, credit score, and down payment options.

Verify my home purchase mortgage eligibility

Consider All Monthly Costs - Not Just the Mortgage

Your mortgage payment is just the start. Think about:

• Property taxes

  Verify my mortgage eligibility (May 5th, 2025)

• Homeowners insurance

• HOA fees (if applicable)

• Maintenance and utilities

  Verify my mortgage eligibility (May 5th, 2025)

Spring buyers can sometimes get caught up in the excitement of the season - don't forget the full picture.

Check for First-Time Buyer Programs

Depending on where you live, you may qualify for:

• Low down payment programs (as little as 3%)

• Grants or closing cost assistance

• Reduced interest rates for first-time buyers

  Verify my mortgage eligibility (May 5th, 2025)

Opulence Home Equity works with a wide range of programs to help first-time buyers in NY, NJ, and CT. We'll let you know what you qualify for - no guesswork needed.

Verify my home purchase mortgage eligibility

Don't Let Rates Scare You - Let Strategy Help You

Rates may fluctuate, but so can your strategy. Many buyers are still securing great homes thanks to:

• Temporary rate buydowns

  Verify my mortgage eligibility (May 5th, 2025)

• Down payment assistance

• Creative financing solutions

Our loan experts walk you through options that make homeownership possible now, even if you thought you needed to wait.

Work With a Lender Who Guides You Beyond the Numbers

At Opulence Home Equity, we do more than crunch numbers - we help first-time buyers prepare to succeed. From reviewing your income to matching you with the right loan program, we're with you at every step.

You'll never feel like you're doing this alone.

Verify my home purchase mortgage eligibility

Ready to Find Out How Much Home You Can Afford?

Spring is your window to buy - let's make sure you do it right. Contact us today and get a real, personalized breakdown of what you can afford.

Because buying your first home shouldn't be stressful. It should be exciting - and it should start with the right team.