How is my home shopping budget determined?

Your estimated budget is based on a maximum 50% total debt-to-income ratio. This represents the percentage of your monthly household income that goes toward rent-to-own payments and recurring debt payments, including car payments and other loans.

Ways to increase your home shopping budget

1. Add a co-applicant who will be living in the home with you to increase your combined household income
2. Pay down existing debt to reduce your monthly obligations and improve your debt-to-income ratio
3. Increase your down payment to lower the monthly rent-to-own payment amount