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How much income do you need to qualify for a $500000 mortgage?


  1. How much income do you need to qualify for a $500000 mortgage?

How much income do you need to qualify for a $500000 mortgage?

The Income Needed To Qualify for A $500k Mortgage A good rule of thumb is that the maximum cost of your house should be no more than 2.5 to 3 times your total annual income. This means that if you wanted to purchase a $500K home or qualify for a $500K mortgage, your minimum salary should fall between $165K and $200K.



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