Mortgage Qualification Calculator
Calculate how much you can qualify for based on your income, debts, and debt-to-income ratio. Get pre-qualified estimates.
Use our affordability calculator to see how much you can qualify for
Go to Affordability Calculator- Income: Gross monthly income
- DTI Ratio: Debt-to-income ratio
- Credit Score: Minimum 620 for conventional
- Down Payment: Typically 3-20%
Conventional Loan
DTI: 43% maximum (some up to 50%)
FHA Loan
DTI: 43% maximum (higher with compensating factors)
VA Loan
DTI: 41% guideline (flexible)
- 1
Increase Your Income
Higher income improves DTI ratio and qualification amount
- 2
Reduce Monthly Debts
Pay off credit cards, car loans, or other debts
- 3
Improve Credit Score
Better credit scores qualify for better rates and higher amounts
- 4
Increase Down Payment
Larger down payment reduces loan amount and improves approval odds
Debt-to-Income Ratio (DTI)
Most important factor. Calculated as total monthly debt payments divided by gross monthly income.
Target: Under 43%Credit Score
Minimum 620 for conventional loans, 580 for FHA loans. Higher scores get better rates.
Target: 740+ for best ratesDown Payment
Conventional loans require 3-20%, FHA requires 3.5%, VA requires 0%. Larger down payments strengthen applications.
Target: 20% to avoid PMICalculate Your Mortgage Qualification
Use our affordability calculator to see how much you can qualify for and get pre-qualified estimates.
Start Calculating