Financial Readiness Checklist
- Stable income for 2+ years
- Credit score 580+ (620+ for best programs)
- Down payment saved (3–20% depending on program)
- Emergency fund separate from down payment
- Monthly mortgage payment below 30–35% of gross income
Charlotte Market Context
Charlotte has averaged 4–6% annual home appreciation over the past decade. Rents have increased 4–5% annually. For buyers planning to stay 5+ years, ownership typically wins on total cost. Use our rent vs buy calculator with Charlotte data pre-filled to run your specific numbers.
