FIND OUT HOW MUCH YOU CAN AFFORD!
To determine what loan programs you qualify for, lenders need to review your credit history and amount of available funds for down payment. Then, the maximum purchase price can be determined by reviewing your total monthly debt + the proposed housing payment as a percentage of your total gross monthly income. The acceptable percentage (Debt-to-Income ratio or DTI) will vary depending upon the specific loan program for which you apply.
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