This Is EXACTLY How Much Home You Can You Afford ($100K Salary)

Are you a first time home buyer interested in buying a house using a conventional loan in the 2024 housing market and wondering how much you can afford? In this video, we are going to discuss how much you can afford to purchase making both 50K of income and 75K income using the latest 2024 Conventional Loan Requirements.

Watch this NEXT

⏩ This is how much can you afford with FHA and $50K Salary? -    • NEW FHA Loan Requirements 2023 - How ...  
⏩ This is how much can you afford with FHA and $100K Salary? -    • NEW FHA Loan Requirements 2024 - How ...  
⏩ This is how much can you afford withConventional and $50K Salary? -    • NEW FHA Loan Requirements 2024 - How ...  

RESOURCES:

✅ - Work Directly with My Team (Mortgage and Real Estate Nationwide) - http://www.jebsmith.net/referral

🏠 - First Time Home Buyer Course - https://bit.ly/4clhsse

✅Subscribe to my local newsletter - https://bit.ly/48LJJp3

Loan limit for standard and high balance conforming:

1 unit - $766,550/$1,149,825
2 units -$981,500/$1,472,250
3 units - $1,186,350/$1,779,525
4 units - $1,474,400/$2,211,600

Check the loan limits in your area:
https://singlefamily.fanniemae.com/me...

Conventional loan requirements 2023:

✅FICO® score at least 620
✅3% minimal down payment required
✅MIP (Mortgage Insurance Premium ) is required when putting less than 20% down.
✅Debt-to-Income Ratio less than 45%. (Actually you can go much higher than this)
✅The home can be a primary residence, second home or investment property
✅Borrower must have steady income and proof of employment.
✅Assets may be required at closing.


Jeb Smith (Huntington Beach Realtor/orange county real estate)
DRE 01407449
Real Broker

#mortgage #housing #realestate