Your maximum loan amount depends on several factors:
- Debt-to-Income (DTI) ratio: Most lenders want your total monthly debt (including new mortgage) below 43-45% of gross monthly income
- Credit score: Higher scores unlock larger loans
- Down payment: Larger down payments reduce the loan needed
- Conforming loan limits: $766,550 for most areas in 2024
Use our Affordability Calculator for a personalized estimate.