This section features information about how much real estate you can afford in Palm Springs, Rancho Mirage, Palm Desert, Indian Wells, La Quinta, Cathedral City and surrounding Riverside County, CA areas.

Getting an idea as to the price of the home you can afford is an important first step in the home buying process. By understanding the price range you can afford, you can look for real estate in the appropriate areas and really find the ideal home for you.

As a general guideline, home buyers calculating how much they can afford for a mortgage payment are advised to follow the general ratio used by the Federal Housing Administration (FHA) in determining approval of mortgages—total debt, including the new housing expenses, should not exceed 43 percent of monthly gross income.

By working with Team DeWitt, together we can determine what the right home for you would be. Below you will find some helpful information to help you get a better real estate price point.

Loan prequalification vs. pre-approval
Getting pre-qualified for a loan can help you determine what you can afford. Please fill out the following information, and we can help you determine at what price we should start looking at. Things such as your credit history, your income, your outstanding debt, monthly expenses, employment history, the type of mortgage you want, and the amount of savings you have can all impact on how much real estate you can afford.

This brief form will tell us a little bit more about you so we can assist you with the appropriate type of home financing. There is no obligation and your information will be kept strictly confidential.