Tag Archive for: income requirements for mortgage

Income Needed to Buy $450,000 and $1 Million Homes?

Per a request from an agent, here are some estimates of the income necessary to buy a $1 million home in California and a $450,000 home in Texas. We made some very conservative assumptions too, so it is important to remember that the numbers below are just estimates – as rates, property taxes, consumer debt levels, and loan program requirements will vary.Read More

Minimum Income To Qualify For Various Price Points; Realistic Goals

Realistic Goals Based on Income and Down Payment Parameters One of the primary jobs of our Mortgage Analysts is to ensure borrowers have realistic home-buying goals. For example, a buyer […]Read More