03/31/2026
1. Your income (monthly take-home / qualifying income)
This sets the ceiling for what a lender may approve. It includes your base pay and sometimes consistent bonuses/commission (if you’ve got history). Higher stable income = more flexibility.
2. Your debts (monthly payments + credit profile)
Car loans, student loans, credit cards, personal loans—these all affect your DTI (debt-to-income ratio). Even if you make good money, high monthly debt can shrink your max approval and your comfort level.
Tip: Paying down a credit card or lowering a car payment can sometimes boost affordability more than people expect.
3. Your down payment + cash to close (your upfront money)
This isn’t only the down payment! You also plan for closing costs, inspections/appraisal, and having reserves left over after closing. More cash upfront can lower your monthly payment and may help you qualify or get better terms.
Quick rule of thumb:
✅ Income sets the range
✅ Debts determine the limit
✅ Cash decides the options
If you want, comment “NUMBERS” and I’ll send a quick affordability checklist you can use before you start touring homes.
