What are the main conditions to have a housing loan in the USA?
<p>Apart from having 1 year of work in the same company and a good credit score... Once that's okay... For example I earn $5000 a month, can I borrow $4500 a month if I want ? Or is there a limit based on a percentage of my net incomes a month ? And is there a limit on the duration of the real estate loan ?</p>

<p>This is more of a bank policy question, but typically they won't loan you more than can be covered by around 30% of your income.</p>
<p>In your example, depending on current interest rates and the number of periods in the loan, (i.e. 15 or 30 years) your cap might be a monthly payment of $1500 per month.</p>

<p>There are limits imposed by federal banking regulations on loans made by FDIC-insured banks, and on loans made that can be processed by FHA or other government programs. These limits were tightened after the wave of mortgage defaults in the 2000s.</p>
<p>But many, probably most, lenders have their own standards, often moire restrictive than federal regulations would require. These will vary from one lender to another, but will often be based on a percentage of the borrower's income, perhaps nor permitting a loan for which the payment would be more than say 25% or 30% of the borrower's income. length of the loan, value of the property, and the loan-to-value ratio will all influence this to some degree, as will the borrower's credit standing and history.</p>

employment loan