Am I Eligible To Buy A House Site

Lenders use your DTI to ensure your monthly debt payments (including your new mortgage) aren't too high compared to your gross monthly income. Credit score rules are changing for mortgages in 2026

: Often target scores between 580 and 640 , though neither has a strict government-mandated minimum. 2. Debt-to-Income (DTI) Ratio am i eligible to buy a house

: Historically required a 620 minimum. However, as of late 2025, Fannie Mae and Freddie Mac have largely eliminated strict numeric minimums in favor of a holistic risk assessment, though many individual lenders still prefer a 620+ score. Lenders use your DTI to ensure your monthly