Income note: RSUs and bonuses tricky — lenders want 2-year history of vesting. Base salary is primary qualifying income.
Key challenge: High income but concentrated in most expensive metros (SF, Seattle, NYC). RSU income requires careful documentation.
Your advantage: Jumbo loans accessible. Strong credit profiles typical. Down payment rarely an issue — the affordability ceiling is location, not income.
On a $145,000 annual salary, your gross monthly income is $12,083. The safe housing threshold (28% front-end DTI) gives you a max monthly payment of $3,383. Miami's median home payment is $4,342/month — leaving you $8/month under budget (room to spare).
Renting in Miami costs roughly $2,650/month for a 1BR. Buying at 36% DTI would require your maximum affordable price of $681,295 — at or near the city median.
Ask Zai with your actual salary, overtime, and credit score.
🏦 Ask Zai Free → 🔔 Set Alert 🔍 Decode DenialNot financial advice. Median salary data from BLS Occupational Employment Statistics. Mortgage calculations at 6.7%, 20% down, 30-year fixed. Actual qualification varies by lender, credit score, and existing debt.