Mortgage on $35,000 Salary
On a $35,000 salary, you could borrow between $105,000 and $140,000 for a mortgage.
Your Income Details
Calculate how much you can borrow for 2025
What You Could Afford
Based on $35,000 combined income
Borrowing on $35,000
With a $35,000 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 $105,000 to $140,000. 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 $172,500. 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 $35,000, your combined borrowing power would be $245,000 at 3.5x. This significantly increases what you can afford.