Income Needed to Buy a $200k, $300k, and $400k House
Not sure what home you qualify for? We break down how much income you might need to afford a home based on existing debts, rate, and more.
October 25, 2024 14 MIN
Not sure what home you qualify for? We break down how much income you might need to afford a home based on existing debts, rate, and more.
Think today's market is tough? On Halloween 1981, mortgage rates hit 18% and the typical house payment ate up 73% of a family's paycheck.
Despite low nominal prices and payments, 1980s homebuyers had it about as tough as today's buyer. Home payments eat up over half of median incomes in both eras.
How much home you qualify for with an FHA loan depends on many factors but we made some assumptions to give you a ballpark figure based on your income. Check your potential home price.
Getting pre-approved for a mortgage can be a crucial first step in your homebuying journey....
The Western U.S. is more expensive than the East, even in states with similar demographics. A look at why home prices are so high in the West.
Mortgage denial rates for Black homebuyers is double that of white buyers. But 100 cities are progressing toward more equality for Black buyers.
This comprehensive guide to USDA construction loans will go over everything you need to know about financing your rural home build in 2024, including precisely how a USDA one-time construction loan works, the eligibility requirements you need to meet, and a few alternative mortgage options you may have available.
The 40-year mortgage can lower your monthly payments, but it increases your overall interest costs. Is this loan a good idea, and where do you find one?
If you have below-average credit, a high debt-to-income ratio, or a small down payment, getting...
