On a $70,000 income, you’ll likely be able to afford a home that costs $280,000–380,000. The exact amount will depend on how much debt you have and where you live — as well as the type of home loan you get. 8 Aug 202
How can I buy a house with no money down in Texas?
USDA Loans These apply to single-family homes that are located in approved areas. Similar to their VA loan counterparts, USDA loans do not come with minimum down payment requirements, allowing you to finance up to 100% of your new home’s value. 1 Oct 202
What is the minimum down payment for a house in Texas?
According to recent home buyer stats in Texas, the minimum down payment for a conventional mortgage is 3% for those with a minimum credit score of 620. However, for those eligible for a VA loan (backed by the Department of Veterans Affairs) or a USDA loan (backed by the US Department of Agriculture), no down payment may be necessary.
Can I afford a 300K house on a 60k salary?
To afford a house that costs $300,000 with a down payment of $60,000, you’d need to earn $44,764 per year before tax. The monthly mortgage payment would be $1,04
If you want to buy a $300,000 house and you have $60,000 for a down payment, you need to earn $44,764 a year before taxes. The monthly mortgage payment would be $1,04
Can I afford a 400k house on 100K salary?
A $100,000 salary puts you in a good position to buy a home. With a strong credit score, low debts, and a decent down payment, you have a shot at a great home buying budget — likely in the high-$300,000 to $400,000 range or above.
I’m Brendan Rivers, and I love all things real estate. I live in sunny Los Angeles and work as a real estate expert. I enjoy helping people find their dream home, and I love everything about the process of buying and selling property.
I’m originally from Boston, and I love spending time with my family and friends there. When I’m not working or hanging out with loved ones, you can usually find me at the beach or exploring new parts of LA.