Your salary must meet the following two conditions:
Your gross (pre-taxes)
monthly salary must be greater than 35% of the sum of the monthly
mortgage and monthly tax payments.
Your gross (pre-taxes)
monthly salary must be greater than 45% of the sum of the monthly
mortgage, monthly tax and other monthly debt payments.
DISCLAIMER: The pre-qualification figures above are based upon
conforming guidelines. Other loan programs are available. Calculations
by this tool are believed to be accurate, yet are not guaranteed.
Further review is necessary to obtain an exact qualification.
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