A Home Affordability Guide for UnionMain Homes Customers
Buying a new construction home—especially one tailored to your lifestyle—should feel exciting, not overwhelming. At UnionMain Homes, many buyers ask the same foundational question: “How much house can I afford?”
This guide breaks the process into simple steps designed specifically for UnionMain Homes customers shopping in Texas communities. By the end, you’ll have a clear roadmap for figuring out your budget confidently and realistically.
1. Start With the 28/36 Rule
Financial experts often use the 28/36 rule as a benchmark for safe homeownership.
- 28% of your gross monthly income → max for mortgage payment
- 36% of your gross monthly income → max for all debts combined
Your mortgage payment includes:
- Principal + Interest
- Property taxes
- Homeowners insurance
- HOA dues (varies by UnionMain community)
2. Understand What Impacts Your Monthly Payment
✔ Home Price
✔ Interest Rate
✔ Taxes & Insurance
✔ Down Payment
✔ HOA Dues
All these factors impact what you can truly afford. To estimate your monthly payment based on real-time rates, try the UnionMain Homes mortgage calculator:
Use the Mortgage Calculator:
https://www.umhmortgage.com/mortgage-calculator
3. Calculate Your Home Affordability
Use this simple framework:
- Multiply your monthly income by 0.28
- Subtract estimated taxes, insurance & HOA
- The remainder is your target principal + interest
- Plug those numbers into the calculator above to see your price range
4. Don’t Forget New Construction Incentives
UnionMain Homes and UMH Mortgage often offer:
- Rate buydowns
- Closing cost assistance
- Contribution toward upgrades
- Discounted financing programs
Learn more about financing options here:
UMH Mortgage: https://www.umhmortgage.com
5. Factor in Cash Needed at Closing
Upfront costs often include:
- Down payment
- Closing costs (2–5% of home price)
- Prepaids (taxes & insurance)
- Optional design upgrades
6. Get Pre-Approved Early
A mortgage pre-approval gives you:
- Realistic buying power
- A firm price range
- A competitive advantage
- Peace of mind before you visit the model home
Apply or learn more at:
UMH Mortgage: https://www.umhmortgage.com
7. Match Your Budget to a UnionMain Homes Community
Your New Home Consultant can help compare:
- Starting prices
- Tax rates
- Lot premiums
- Floorplan options
- HOA fees
- Nearby schools & commutes
Final Tips for Smart Home Affordability
✔ Pick a payment you’ll still be comfortable with years from now
✔ Keep extra space in your monthly budget
✔ Remember: you don’t need 20% down
✔ Use builder incentives to your advantage
