1975: The Lame 25% Rule and How Much House You Can (Responsibly) Afford by Philip Taylor
Optimal Finance Daily - Financial Independence and Money Advice
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How Much House Can I Afford With an FHA Loan?
Mortgages through the federal housing authority have much looser terms than private market mortgages. If you have a credit score of 500 to five 79, you'll need a ten % down payment. Those with credit scores of five 80 or higher can get approved with as little as three point five percent down. The 25% of salary rule of thumb is an important factor in determining how much home ownership comes with other costs.
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