Redfin

JULY 30, 2025

An FHA loan may be ideal for those with a lower credit score or a higher debt-to-income ratio. Speak to a lender or real estate agent : Talking to professionals can help you navigate programs and loan options will help you find the best fit for you. Why does the debt-to-income ratio matter for my loan?

Loans

Redfin

JUNE 27, 2025

Mortgage pre-approval serves several purposes: Determines how much you can afford to borrow Signals to agents and sellers that you’re more reliable Expedites the mortgage application process Locks in an interest rate for that specific period Here’s what to do instead: Take the time to get pre-approved by a lender before starting your home search.

Pre-approval

Redfin

MARCH 5, 2025

Review your savings for your down payment , monthly income, and potential loan options to set a realistic price range. Maintaining a low debt-to-income ratio and a strong credit score can also enhance your eligibility for favorable mortgage terms.

Debt-to-income ratio

Redfin

JULY 23, 2025

Debt-to-income ratio (DTI) Your debt-to-income ratio (DTI) compares your total monthly debt (like car payments, credit cards, or student loans) to your income. Lenders generally prefer a DTI below 36%, with housing costs no more than 28% of your gross income.

Debt-to-income ratio

Lighter Side of Real Estate

MAY 26, 2025

Depending on your profession, you may be eligible for surprisingly flexible mortgage termssometimes with low (or no) down payments, no PMI, and a more forgiving look at your debt-to-income ratio. They can offer more favorable terms, higher loan amounts, and more forgiving views on student debt than traditional loans.

Debt-to-income ratio

Redfin

JULY 25, 2025

Debt-to-income ratio (DTI) Lenders look closely at how much of your income is already committed to other debts. A lower debt-to-income ratio (DTI) means more borrowing power. Add a co-borrower : A partner or spouse with income can help you qualify.

Debt-to-income ratio

The Mortgage Report

JULY 11, 2025

Yes, rates are high, but if you have the right agent or professional, they can help guide you. She's a DePaul alum, licensed real estate agent, and NAR member who traded Chicago winters for Phoenix sunshine. (I define first-time home buyer properties as single-family homes that are at or below the metro area median.)

FHA 203k rehab loan

Redfin

JULY 30, 2025

Key takeaways: First-time homebuyer: Anyone who hasn’t owned a primary residence in the past three years Common first-time homebuyer qualifications: Credit score, debt-to-income ratio, down payment, income limits, employment history, purchase limits, homebuyer education Buying your first home?

Debt-to-income ratio

The Mortgage Report

JULY 24, 2025

Fortunately, mortgage lenders will not count this monthly repayment on your 401(k) loan against you in your debt-to-income ratio,” adds Schwartz. Work with a trusted real estate agent and talk to a local lender early. The experts recommend bypassing the following strategies: Time to make a move?

FHA 203k rehab loan

Redfin

JULY 18, 2025

Using Redfin’s mortgage calculator , on a $90,000 a year salary with zero current debts, 20% down payment, and a 36% debt-to-income ratio, you’ll be looking at homes valued at $370,000 and below. What’s your debt-to-income ratio? What’s your debt-to-income ratio?

Debt-to-income ratio

Redfin

JULY 22, 2025

Using Redfin’s mortgage calculator , on a $200k salary with zero current debts, 20% down payment, and a 36% debt-to-income ratio, you’ll be looking at homes valued at $820,000 and below. What’s your debt-to-income ratio? What’s your debt-to-income ratio?

Debt-to-income ratio

The Mortgage Report

JULY 14, 2025

To qualify, the borrower will need to meet the lender’s credit, income, and debt-to-income ratio (DTI) requirements. She's a DePaul alum, licensed real estate agent, and NAR member who traded Chicago winters for Phoenix sunshine. This is essentially starting from scratch in terms of mortgage approval.

FHA 203k rehab loan

Marco Santarelli

MARCH 4, 2025

Credit Score and Debt: Lenders will scrutinize your credit score to assess your creditworthiness. They'll also look at your debt-to-income ratio (DTI), which compares your monthly debt payments to your gross monthly income. A higher credit score usually means better interest rates.

Mortgages

Rochester Real Estate

NOVEMBER 5, 2015

Hiring a Real Estate Agent When buying a property, the right buyer’s agent will save you time and, perhaps more importantly, money. Before you hire a real estate agent, meet with them to discuss your requirements before you choose. (585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P.

Purchase and sale agreement

Redfin

JULY 18, 2025

Using Redfin’s mortgage calculator , on a $50k salary with zero current debts, 20% down payment, and a 36% debt-to-income ratio, you’ll be looking at homes valued at $205,000 and below. What’s your debt-to-income ratio? What’s your debt-to-income ratio?

Debt-to-income ratio

Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles How Does A Co-Borrowers Credit Scores Affect A Home Purchase? Joint borrowers must have a stable employment history and sufficient income to meet the lender’s requirements.

Debt-to-income ratio

Redfin

JULY 31, 2025

What you’ll need to provide for mortgage preapproval: Proof of income Employment verification Recent pay stubs W-2 forms Photo ID Social security number Credit history Debt-to-income ratio (DTI) >>Read: How to Get Pre-Approved for a Mortgage House hunting for success 12. Just be mindful of who’s tagging along.

Purchase and sale agreement

AAOA

MARCH 24, 2025

Consider partnering with a local real estate agent who knows your desired areas housing market, industry trends, and rental dynamics. Experienced real estate agents can provide valuable insights on the best places to invest and help you assess whether a property is fairly priced.

Property Management

Redfin

JULY 30, 2025

Speak with a real estate agent to help determine if you’re in a good position to begin the homebuying process. >>See: Lower your debt-to-income ratio: Paying down existing debt can improve your financial profile, helping you qualify for lower interest rates. Do I need a real estate agent?

Pre-approval

Redfin

JULY 3, 2025

Some lenders may require a finalized divorce decree before approving a mortgage, as this document outlines debt and asset division, alimony, and more. These details directly impact your debt-to-income ratio , how much you afford and borrow. If you’re the one making those payments, they count as debt.

Debt-to-income ratio

Rochester Real Estate

NOVEMBER 5, 2015

Advice On Home Financing | The Best Mortgage Blogs From 2017 Potential FHA Mortgage Quirks Anita Clark, a Real Estate agent in Bonaire GA who has been serving the residential real estate needs of consumers in middle GA for the past decade, provides some informative thoughts on potential FHA mortgage quirks.

Finance

Redfin

JULY 17, 2025

Debt-to-income ratio (DTI) The lower the debt-to-income (DTI) ratio , the more of your income is available for a mortgage payment. Team up with a co-borrower : Combining incomes with a partner could increase your purchasing power.

Debt-to-income ratio

The Mortgage Report

JULY 22, 2025

Things to consider: You’ll need to qualify for the loan on your own — your credit, income, and debt-to-income ratio all matter. She's a DePaul alum, licensed real estate agent, and NAR member who traded Chicago winters for Phoenix sunshine.

FHA 203k rehab loan

Redfin

JUNE 9, 2025

Using Redfin’s mortgage calculator , on a $100k salary with zero current debts, 20% down payment, and a 36% debt-to-income ratio, you’ll be looking at homes valued at $425,000 and below. What’s your debt-to-income ratio? What’s your debt-to-income ratio?

Debt-to-income ratio

Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles What to Avoid When Getting a Mortgage Kyle Hiscock Kyle Hiscock | Greater Rochester NY Real Estate | Pittsford NY Realtor at RE/MAX Realty Group Have questions about buying or selling a home?

Debt-to-income ratio

Marco Santarelli

FEBRUARY 7, 2025

Work with a real estate agent who understands the local market. But most conventional loans must meet the guidelines Fannie Mae and Freddie Mac set. Work with a reputable lender to get pre-approved for a mortgage. Sellers: Be realistic about your asking price. Don't expect to get the same prices that were common during the peak of the market.

Pre-approval

The Close

JULY 1, 2025

However, some will struggle with getting approved for a loan, which is something that could result in the transaction falling through for you as a real estate agent. FHA mortgage loan Conventional mortgage loan Credit score 500 620 Income required (debt-to-income ratio) 50% 36% to 45% Minimum down payment 3.5%

FHA loan

Redfin

AUGUST 5, 2025

Consider your DTI Another factor your mortgage lender will consider is your debt-to-income ratio (DTI). Your DTI is the percentage of your monthly income that goes toward debt payments. Most lenders look for a DTI below 50%, but some lenders may require lower ratios for certain loans.

Debt-to-income ratio

Redfin

JUNE 27, 2025

If you’re unsure, talk to a mortgage lender, housing counselor, or real estate agent. Talk to approved mortgage lenders or local real estate agents. A trusted lender or real estate agent can walk you through your options and help you figure out what fits your budget and lifestyle.

Debt-to-income ratio

Redfin

MARCH 5, 2025

Review your savings for your down payment , monthly income, and potential loan options to set a realistic price range. Maintaining a low debt-to-income ratio and a strong credit score can also enhance your eligibility for favorable mortgage terms.

Debt-to-income ratio

Marco Santarelli

JUNE 9, 2025

Income: Lenders want to see that you have a stable income to repay the loan. Debt-to-Income Ratio (DTI): This is the amount of your monthly income that goes toward paying debts. Down Payment: A larger down payment can reduce your risk and potentially lower your rate. A lower DTI is preferable.

Mortgages

Redfin

JULY 28, 2025

Low income is generally defined as being below a specific threshold of the area’s median income (AMI), which can vary by location and employment. Each loan option we’ll discuss has qualification requirements for AMI, as well as other factors like credit score and debt-to-income ratio (DTI).

VA loan

Redfin

JULY 7, 2025

Work closely with your divorce attorney and real estate agent: They can help you understand your rights, protect your interests, and ensure your purchase aligns with your divorce proceedings. Alimony payments you receive may count as income and help you qualify for a mortgage if you can document consistent payments.

Debt-to-income ratio

Inman

JULY 23, 2025

Learn to lock in the necessary behaviors required to build your business, team leader Carl Medford writes, repeat them constantly, avoid pleasurable distractions and reap the rewards.

Debt-to-income ratio

The Mortgage Report

JULY 16, 2025

However, that person must have a high enough income and credit score, and a low enough debt-to-income ratio (DTI) to qualify for the loan in his or her own right. If a court has awarded alimony and child support, that can count toward the applicant’s income where the kid(s) will be remaining in the home.

FHA 203k rehab loan

Redfin

JULY 30, 2025

Yes, your debt-to-income ratio matters. If your student loan payments are high relative to your income, it can make qualifying for a mortgage more difficult. A 580 score is the bare minimum for FHA loans. For better terms, aim for 620+ for conventional loans. Do student loans affect your ability to get a mortgage?

FHA loan

The Close

MAY 6, 2025

As a real estate agent, its important to share with clients the pros, cons, and strategies for renovating or making small improvements to houses. We do this by working as a team of real estate professionals, researchers, writers, and real estate experts to thoroughly research every topic and organize it by whats most important for agents.

Loans