#23 Qualifying for a $300K Mortgage: Income and Tips

Today's episode explores the income requirements for qualifying for a $300,000 mortgage, particularly in Houston. We discuss how debt-to-income ratio, credit score, down payment, interest rates, and local costs influence mortgage eligibility.

Additionally, we delve into the pros and cons of adjustable-rate mortgages (ARMs) and fixed-rate mortgages, helping you make an informed decision based on your financial situation. This episode is a must-listen if you're considering using side hustle income to boost your mortgage eligibility.

Tune in to gain valuable insights and actionable tips to make your dream of homeownership a reality.

Episode Highlights:

• How much income do you need to qualify for a 300,000 mortgage

• When applying for a mortgage, several factors determine income requirements

• An adjustable-rate mortgage or an arm might catch your eye

• To determine how much income you need to qualify for a $300,000 mortgage

Links: https://www.fnfloan.com