How much can one borrow in this environment?

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Submitted by Coronita on January 11, 2013 - 3:18pm

Dumb question.

Anyone happen to know the maximum amount someone can borrow for property(ies), given one's documented income X that has been consistent for the past few years, assuming all new loan(s) for property(ies) will be a 30 year fixed rate product with at least a 20% down payment (no exotic, wierd loans, no ARM products, etc)...

(Assumption....Future rental income from newly purchased property will NOT be counted toward one's income...)

Too lazy to search right now.

Submitted by The-Shoveler on January 11, 2013 - 3:23pm.

I have heard that there is a limit of four loans if your loan is funded by a GSE, if privately funded then there is no limit as long as you can prove income and or equity.

Submitted by an on January 11, 2013 - 4:04pm.

FHA loans prefer if your total DTI is less than 40 percent to 42 percent of your gross income. Conventional loans may allow your DTI to be up to 45 percent.

Read more: Mortgage Borrowing Limits |

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