How do I determine how much home I can afford?

Viewed 574 Times 0 Comments

Most lenders agree that typically ¼ of your income is the best ratio to go by when it comes to determining what your Loan Limits are. Lenders typically have a range of 25-32% Income to Debt Ratio they use when determining loan approval. Getting Pre-Approved by a lender is the very best way to find out what you can afford and what homes and areas would make a great place to begin your search. Our partners at Caliber Home Loans are excellent at walking you through the qualification process.

Was this answer helpful ? Yes (0) / No (0)

Leave a Reply