#mortgage-requirements

#mortgage-requirements

Average London household needs £99,406 annual salary to buy an average house; Kensington and Chelsea requires £199,300, Barking and Dagenham requires £59,600.

An FHA appraisal verifies a home's basic HUD livability and safety standards and can require repairs before an FHA loan closes.

Homebuyers typically need an annual income of $120,000 to $160,000 to afford a $500,000 home.