Wages vary in the United States as well. For example, the national median salary for entry-level project managers is $89,286, for established project managers is $96,425, for IT project managers is $100,000, and for engineering project managers is $107,472. Directors of PMOs make the most, raking in a solid $134,791 on average a year.
The typical bank limit on monthly mortgage payments is about 28 percent of your gross monthly income. Therefore, the bank thinks you can devote up to 28 percent of your household income to your mortgage payment and expenses (including taxes, insurance and association dues).
the mortgage can be no more than 26% of your monthly income. the total mortgage plus all other expenses (credit cards, auto loan, etc.), can not exceed 35% of your monthly income. and, the more you put down the more likely someone will give you a loan, but you can put as little as 5% down, and sometimes none.he mortgage lender does not need to be local, but local bank giving the loan is better in some cases; if you have been with a local bank that's giving you the mortgage for multiple years and they know you, then it matters.