The maximum percentage of net spendable income that should be set aside for housing is 38 percent. It is important to choose housing that you will be able to afford to pay for each month.
15%
At least 20% should go towards transportation. At most 30%.
A general guideline for transportation expenses is around 15-20% of net income. Based on Jeff's net spendable income of $1450, he should plan to spend around $217.5 to $290 per month on transportation.
25
That depends on the state you live in. You will have to contact your local housing athority.
The maximum income one can earn to qualify for low income housing is $10,000 a year. There's some complications with that, however, as the form for filling out the low income registration can be difficult and not everyone with that low of an income may want to deal with it.
The maximum you should spend on housing is 30% of your monthly income. If your gross monthly income is $1800, you should spend no more than $540 per month.
Debt to income ratio
50% of disposable income.
somewhere around 25,000 dollars depending on what side of town you live on.
Maximum Mortgage What is your maximum mortgage? That largely depends on your income and current monthly debt payments. This calculator collects these important variables and determines your maximum monthly housing payment and the resulting mortgage amount.
Go to the housing authorities website and click on the application for low income housing! Follow the instructions and you will be on your way to low income housing!