How much can I afford?

    Getting pre-qualified for a loan is one of the most important steps in buying a home. Your lender will take a look at your credit and income to assess how much home you can afford. As a general rule, you should be spending no more than about 35% of your pre-tax income on housing per month. When looking for a home, make sure to factor in additional costs, such as closing fees, your down payment, homeowners association fees, and regular maintenance. All these things should be included in your budget when looking at homes in and around the Olympia Area.