First Time Mortgage Tips Best Mortgage Company For First Time Buyers How Much House Can I Actually Afford Redfin’s home affordability calculator will help you figure out how much house you can afford by using your income, down payment, monthly debt and current mortgage rates to search current real estate listings in your expected price range.A high-yield savings account could be the best option. It’s important to. including federal housing authority (fha)-backed mortgages, and those geared especially to neophytes. Many first-time home.The following first-time home buyer mortgage tips should help you prepare for the process. First time home buyers tip #1: save For A Down Payment. Here’s one of our more obvious mortgage tips: A sizable down payment can help you in multiple ways.Salary Vs Mortgage Payment What It Takes To Buy A Home House Payment Affordability Calculator Our down payment calculator tool helps you understand what your minimum potential down payment could be in your geography based on the target home price that you choose. First we look at the loan limits for different mortgage types in your location, then we take your target home value and identify.