Owning a home can yield lasting rewards. Homeownership is a great way to cut tax liability, to build personal wealth or pay off debt, and to put money into something that is yours. A home is an investment.

Can you afford a home?

If you are not sure whether you can afford a home, use a simple mortgage calculator to calculate what your payment will be and how much you can afford. A mortgage calculator will show you how much your monthly payment will be. It can also show the effect of adding extra payments. To calculate your home payments, click here for a sample mortgage calculator.

Do you have bad credit or not that much of a down payment?

Even if you have bad credit or may not have much for a down payment, our partner Indianapolis Center for Educational Enrichment, Inc. may be able to assist with buying a home. Click here to learn more.

How do you create a budget?

To help you keep track of your expenses to build a monthly budget, complete a monthly budget worksheet. A monthly budget worksheet can give you a sense of where you may be spending your money.