First-time home buyer grants in West Texas 1. First Time Home Buyers Program (Abilene) The city’s Office for Neighborhood Services program offers up to $5,000 for down payment and closing costs.
How Large Mortgage Can I Afford House I Can Afford Based On Income How much house can I afford? – The Lenders Network – Debt-to-income ratio – The amount of monthly payments you have compared to your monthly income is called your DTI, or debt-to-income ratio. The maximum back-end DTI ratio most mortgages require is 41% and a front-end ratio of 31%. In the chart you can adjust the DTI ratio to see how much house you can afford with different ratios.