What credit score do you need to buy a 500k house?

What credit score is needed to buy a house?
For most loan types, the credit score needed to buy a house is at least 620.
However, a higher score significantly improves your chances of approval.
1 Sept 202

How much do I need to put down on a house with a 700 credit score?

A Federal Housing Administration loan requires a 10 percent down payment if your credit score is below 580.
If your credit score is over 580, the FHA requires less down payment.
Your 700 credit score requires only a 5 percent down payment.

What mortgage can I get with 70k salary?

On a $70,000 income, you’ll probably qualify for a home loan between $250,000–400,000. The exact number will vary depending on your lender, the area you live in, and how much debt you have. 8 Aug 202

How much house can I afford making $70000 a year?

Personal finance experts recommend spending between 25% and 33% of your gross monthly income on housing.
Someone who earns $70,000 a year will make about $5,800 a month before taxes.
Of course, your monthly payment is only half the equation.

What is the monthly mortgage payment on a $500 000 home?

The average mortgage rate for a $500,000, 30-year fixed-rate loan is around 4% for those with good credit. So, your monthly payment would be around $2250 without taxes and fees.
18 Jun 202

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