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: Lenders typically look for an annual income between $100k–$125k to approve a $400,000 mortgage . You can use the Home Affordability Calculator from Progressive to get a specific estimate.
: You can't change it. Review the noise levels, neighborhood safety, and proximity to work/schools at different times of day .
Before you start looking at houses, review your "buyability" to ensure you're ready for the long-term commitment. i want to buy a home
: Most lenders look for a score of at least 620 for conventional loans, though FHA loans can go as low as 500.
: Check the "big three"— foundation, roof, and electrical wiring . These are the costliest red flags in an inspection. : Lenders typically look for an annual income
Buying a home is one of the biggest moves you'll ever make. To help you "review" your options and readiness,
: A popular framework suggests having 3 months of living expenses saved, 3 months of mortgage payments in reserve, and comparing at least 3 properties before deciding. 2. Property Evaluation Checklist Review the noise levels, neighborhood safety, and proximity
When you’re viewing a home, look past the fresh paint. Use this "must-have" vs. "nice-to-have" system to keep your head clear:
