How Much Do I Need To Buy A 300k House May 2026

This varies significantly based on the mortgage program: 3% (Conventional/First-Time): $9,000 3.5% (FHA Loan): $10,500

A common benchmark is to keep your mortgage between two and three times your household income. According to Rocket Mortgage , an annual income of $100,000 to $150,000 is typically recommended, though some experts at SoFi suggest you might manage on $82,000 if you have low debt. Credit Score: FHA Loans: Minimum score of 500–580 . how much do i need to buy a 300k house

These vary by location but usually add several hundred dollars to the monthly bill. This varies significantly based on the mortgage program: