Knowing “How much can I borrow?” is the foundation of your home search. Lenders look at several factors to determine your maximum loan amount, and CincyRefinance is here to help you maximize your purchasing power in the Cincinnati market.
Factors That Determine Your Loan Amount
- Debt-to-Income Ratio (DTI): This is the percentage of your gross monthly income that goes toward debt payments.
- Income Stability: Lenders prefer a two-year history of consistent employment or self-employment income.
- Loan Program: Different programs (FHA, VA, Conventional) have different limits and qualifying criteria.
Get a precise answer to your borrowing questions. Visit our homepage to start your pre-approval.