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.
Although thereâs no exact or specific credit score requirement, if you want to buy a house now or in the near future, you should have a credit score thatâs at least in the 620 range. But a 720 score or higher is ideal. Does that 720 score guarantee that your loan will be approved? Absolutely not.