As a branch manager for a direct lender you will need 50% gross salary to qualify for a mortgage loan at the best rate possible. If you make 50% or less, you can still receive a loan, however the rates are higher. ryan.wood@truelend.comWhat is the average % of gross salary to determine affordable mortgage + tax to purchase in New York City?
Typically figure roughly 25-30%. At least that is what my realtor has told me.
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