You and your fiance need to meet with a mortgage banker and get yourselves pre-qualified to see how much of a loan you can get and how much that loan will cost you every month. When you meet with the banker they will also tell you how much your closing costs are (if you do not have money to pay for the closing costs you can borrow it as part of your mortgage). Most likely you will need to come up with 3.5% of the purchase price as your down payment. There is no cost or obligation to meet with a banker and do this. If you need help let me know and I would be more than happy to assist.
Once you meet with the banker and know how much you can spend, you can start looking to see if there are any properties out there that would meet your budget. Your best bet would be to have a licensed real estate agent help you find a property. If I can be of further assistance please let me know. Good luck!
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783