How Much Home Can You Afford on a $50K Salary?

💰 How Much House Can You Afford on a $50K Salary? Let’s break it down: ✅ Credit Score: A higher score gets you better mortgage terms, increasing your buying power. ✅ Debt-to-Income Ratio (DTI): Lenders prefer a DTI under 43%. If your monthly debts are low, you’ll qualify for more. ✅ Down Payment: With $13,000 saved and low debts, you could afford a home up to $248,000 at a 6% interest rate. 👉 On a $50K salary, your budget could range from $180K to $250K, and maybe even close to $300K with strong financials! These numbers vary based on your situation, so planning is key. If you’re ready to find your budget, comment below or DM me—I’d love to help you get started! #tomthelender #homebuying #homebuyingtips #mortgagetips #homeaffordability #firsttimehomebuyer #mortgagelender #realestate #wintrustmortgage #shorts ————— Connect with me here! www.facebook.com/TomTheMortgageLender www.linkedin.com/in/tseaman www.instagram.com/tomthelender #realestate #realestatemarket #sellersmarket #buyingahome #housingmarket #housingmarketupdate #mortgageadvisorwi #wisconsinrealestate #realestatestrategies #winsconsinhousingmarket