Qualifying

If you thinking of purchasing a home and are interested in the income qualifications for mortgage loans take a look at this recent table provided by the Real Estate Center at Texas A&M University:

Projected annual income required for a home priced at:

- Rate (%)
- $75,000
- $100,000
- $125,000
- $150,000
- $184,400
- $200,000
- $250,000
- $300,000
- $400,000
- 3.00
- 19,540
- 26,054
- 32,567
- 39,080
- 48,043
- 52,107
- 65,134
- 78,161
- 104,214
- 3.25
- 19,814
- 26,419
- 33,023
- 39,628
- 48,716
- 52,837
- 66,047
- 79,256
- 105,675
- 3.50
- 20,093
- 26,790
- 26,790
- 33,488
- 40,185
- 49,401
- 53,580
- 80,370
- 107,161
- 3.75
- 20,376
- 27,168
- 33,960
- 40,752
- 50,097
- 54,336
- 67,920
- 81,504
- 108,671
- 4.00
- 20,664
- 27,552
- 34,440
- 41,328
- 50,805
- 55,103
- 68,879
- 82,655
- 110,207
- 4.25
- 20,956
- 27,942
- 34,927
- 41,912
- 51,524
- 55,883
- 69,854
- 83,825
- 111,766
- 4.50
- 21,253
- 28,337
- 35,422
- 42,506
- 52,254
- 56,675
- 70,843
- 85,012
- 113,349
- 4.75
- 21,554
- 28,739
- 35,924
- 43,108
- 52,995
- 57,478
- 71,847
- 86,217
- 114,956
- 5.00
- 21,860
- 29,146
- 36,433
- 43,719
- 53,746
- 58,293
- 72,866
- 87,439
- 116,585
- 5.25
- 22,169
- 29,559
- 36,949
- 44,339
- 54,507
- 59,118
- 73,898
- 88,677
- 118,237
- 5.50
- 22,483
- 29,977
- 37,472
- 44,966
- 55,278
- 59,955
- 74,944
- 89,932
- 119,910
- 5.75
- 22,801
- 30,401
- 38,001
- 45,602
- 56,060
- 60,802
- 76,003
- 91,203
- 121,605
- 6.00
- 23,123
- 30,830
- 38,538
- 46,245
- 56,851
- 61,660
- 77,075
- 92,490
- 123,320
- 6.25
- 23,448
- 31,264
- 39,080
- 46,896
- 57,651
- 62,528
- 78,160
- 93,792
- 125,056
- 6.50
- 23,777
- 31,703
- 39,629
- 47,554
- 58,460
- 63,406
- 79,257
- 95,109
- 126,812
- 6.75
- 24,110
- 32,147
- 40,183
- 48,220
- 59,278
- 64,293
- 80,366
- 96,440
- 128,586
- 7.00
- 24,446
- 32,595
- 32,595
- 48,892
- 60,105
- 65,190
- 81,487
- 97,785
- 130,380
- 7.25
- 24,786
- 33,048
- 41,310
- 49,572
- 60,940
- 66,096
- 82,620
- 99,144
- 132,192
- 7.50
- 25,129
- 33,505
- 41,882
- 50,258
- 61,784
- 67,010
- 83,763
- 100,516
- 134,021
- 7.75
- 25,475
- 25,475
- 42,459
- 50,950
- 62,635
- 67,934
- 84,917
- 101,901
- 135,867
- 8.00
- 25,824
- 34,433
- 43,041
- 51,649
- 63,494
- 68,865
- 86,082
- 103,298
- 137,731
- 8.25
- 26,177
- 34,902
- 34,902
- 52,354
- 64,360
- 69,805
- 87,256
- 104,707
- 139,610
- 8.50
- 26,532
- 35,376
- 44,220
- 53,064
- 65,234
- 70,752
- 88,440
- 106,128
- 141,504
- 8.75
- 26,890
- 35,854
- 44,817
- 53,780
- 66,114
- 71,707
- 89,634
- 107,561
- 143,414
- 9.00
- 27,251
- 36,335
- 45,418
- 54,502
- 67,001
- 72,669
- 90,837
- 109,004
- 145,338

*Assumes 15 percent down, 30-year fixed-rate mortgage, 38 percent maximum debt-to-income ratio, 5.6 percent taxes, insurance and utilities cost Source: Real Estate Center at Texas A&M University