There is also a three-digit code number assigned to each currency, in the same manner as there is also a three-digit code number assigned to each country as part of ISO 3166. This numeric code is usually the same as the ISO 3166-1 numeric code.
This calculator uses these guidelines for determining how much house you can afford, which are similar to common underwriting criteria that mortgage lenders use. 1  Your total mortgage payment should be no more than 28 percent of your gross monthly income.
it s getting easier for home buyers to get approved for an fha backed home loan major lenders are now approving fha mortgage applications for borrowers whose credit scores are 580 or better a drop of 60 point as compared to last year when fha lenders required credit scores of 640 or better