A common benchmark is to keep your mortgage between two and three times your household income. According to Rocket Mortgage , an annual income of $100,000 to $150,000 is typically recommended, though some experts at SoFi suggest you might manage on $82,000 if you have low debt. Credit Score: FHA Loans: Minimum score of 500–580 .
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If you put down less than 20%, you will likely pay an extra $150–$300 per month for mortgage insurance. A common benchmark is to keep your mortgage