Affordability & Income
How much of my income can go toward a mortgage?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
As a rule of thumb, keep the housing payment under 28% of gross monthly income, though approvals commonly allow the housing piece higher when total debt stays reasonable. Total debt is the bigger constraint.
Most programs cap total debt-to-income around 43% to 50% with strong factors. We'll calculate the maximum payment your income supports under the program you choose.
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