How much mortgage can I get on a $30,000 salary?

On a $30,000 salary, you could typically borrow $90,000 to $120,000 depending on the lender and your debt-to-income ratio. Most lenders prefer a housing DTI under 28%.

What would monthly payments be on a $30,000 salary mortgage?

Borrowing $105,000 at 6.5% over 30 years would cost approximately $663.67 per month (principal and interest only). Your actual rate may be higher or lower.

2025

Mortgage on $30,000 Salary

On a $30,000 salary, you could borrow between $90,000 and $120,000 for a mortgage.

Conservative (3x)

$90,000

Standard (3.5x)

$105,000

Maximum (4x)

$120,000

Monthly (6.5%)

$663.67

Your Income Details

Calculate how much you can borrow for 2025

Your Annual Salary

Partner's Annual Salary (optional)

Down Payment Available

Interest Rate (%)

Mortgage Term (years)

What You Could Afford

Based on $30,000 combined income

$155,000

Maximum Home Price (3.5x)

You Could Borrow

$105,000

Monthly Payment

$663.67

Conservative (3x)$140,000

Standard (3.5x)$155,000

Maximum (4x)$170,000

Down Payment$50,000

Loan-to-Value (LTV)

20% down avoids PMI

68%

DTI Ratio

Debt-to-income (housing)

27%

% of Take-Home

Mortgage vs net income

30%

Borrowing on $30,000

With a $30,000 salary, US lenders typically approve 3 to 4 times your annual income, depending on your credit score, debt-to-income ratio, and down payment. This means you could borrow $90,000 to $120,000. Lenders focus on your DTI ratio - ideally under 28% for housing and 36% total.

Down Payment Tips

With a $50,000 down payment, you could afford a home worth $155,000. Putting 20% down avoids Private Mortgage Insurance (PMI) and gets you better interest rates. FHA loans allow as little as 3.5% down with good credit.

Joint Application

Buying with a partner? If they also earn $30,000, your combined borrowing power would be $210,000 at 3.5x. This significantly increases what you can afford.