What is a good debt-to-income ratio for a mortgage?

Using the 28/36 rule as a general guide, a buyer would typically need gross household income in the range of $95,000 to $110,000 to comfortably afford a $400,000 home in New Braunfels, depending on the interest rate, down payment, property tax rate, insurance cost, and existing debt. This is a planning estimate, not a loan approval — a lender will calculate your exact number based on your full financial picture.

No. Conventional loans commonly allow down payments as low as 3 to 5 percent, and FHA loans allow as little as 3.5 percent, though anything below 20 percent typically requires private mortgage insurance. Texas also has real down payment assistance programs for first-time buyers that can reduce the cash needed up front.

Texas property taxes run above the national average, and since they're included in most lenders' housing-payment calculations, a higher tax rate directly reduces the loan amount you'll qualify for at a given income. Comal County's specific rates and how homestead exemptions reduce the taxable value are covered in the New Braunfels Property Tax Guide.

Pre-qualification is a quick, informal estimate based on information you self-report, with no verification. Pre-approval involves a lender actually verifying your income, assets, credit, and debt, and results in a conditional commitment in writing. Pre-approval carries real weight with sellers and gives you an accurate number; pre-qualification is a rough starting estimate at best.