How Much House Can I Afford in Virginia? 2026 Guide
Learn how much house you can afford in Virginia with the 28/36 rule and DTI ratios.
Frequently Asked Questions
How much house can I afford with a $100k salary in Virginia?
With a $100,000 salary ($8,333/month gross), the 28% rule caps your housing payment at about $2,333/month. After taxes and insurance, that supports a loan of roughly $280,000-$300,000, depending on your down payment, interest rate, and other debts.
How is debt-to-income ratio calculated?
Your DTI is your total monthly debt payments (including your new housing payment) divided by your gross monthly income. For example, if you earn $8,000/month and have $1,200 in debt plus a $2,000 housing payment, your DTI is 40%.
Does a bigger down payment increase how much I can afford?
Yes. A larger down payment reduces your loan amount, which lowers your monthly payment. This means a higher percentage of your income can go toward the home price rather than interest, increasing your max purchase price.
Related Programs
- FHA Loans — 3.5% down payment, credit scores from 580, ideal for first-time home buyers
- VA Loans — Zero down payment for veterans, active-duty military, and surviving spouses
- Conventional Loans — Fannie Mae and Freddie Mac, financing up to 97%, credit from 620
- Jumbo Loans — For properties exceeding 2026 conforming loan limits ($832,750 most counties)
- Non-QM Loans — Bank statement loans for self-employed, 1099 income, DSCR, and ITIN loans