How much should you borrow if you’re buying a Boston condo?

The first step in answering this question is you need to find out how much you qualify for a  bank loan in buying a Boston condo. How do you do that? First things first, under stand your credit score.

Credit score history, and qualifications

The higher your credit score, the less you need to worry about being stuck with a high mortgage interest payment, but you may also be allowed to borrow more than you can afford. If you don’t have enough to qualify for a conventional loan, a high credit score will allow you to buy a Boston high rise condo, but does not mean you should unless you can realistically afford it.

Loan to Value Ratio (LYV)

Mortgage lenders for Boston condos for sale set their business LTV ratios. For example the 80/20 ratio pf a conventional loan for a Boston condo for sale for $500,000 means you can borrow up to $400,000 at a competitive rate, but this does not mean you should be able to afford monthly payments,  You also need to take into account your other debt obligations. This would include such items as utilities, debt card debt and condo fees.

Boston condo fees

Boston condo buyers, you need to understand that mortgage lenders will always take monthly  condo fess into consideration when reviewing your Boston condo loan application.


Knowing how much you can afford for a Boston condo is just one of the many things to keep in mind if you’re serious about buying a Boston condo for sale. Listed below are numerous question That have been asked and answered by me. Thank you for taking the time to read this blog post.

Boston condos for sale: Buyers questions and answers

Boston condos for sale near Downtown/Midtown Boston

Back Bay Boston condos 
Beacon Hill  Boston condos
Charlestown Boston condos
Navy Yard Charlestown  Boston condos
Dorchester Boston condos
Fenway  Boston condos
Jamaica Plain Boston condos
Leather District Boston condos
Midtown  Boston condos
Seaport District Boston condos
South Boston new condos
South End new condos 
Waterfront new condos 
North End  new condos 
West End new condos
East Boston condos

Condos around the Midtown area to rent:

Back Bay area condos for rent
Beacon Hill area condos for rent
Charlestown area condos for rent
Navy Yard Charlestown area condos for rent
Dorchester area condos for rent
Fenway area condos for rent
Jamaica Plain area condos for rent
Leather District area condos for rent
Midtown area condos for rent
Seaport District area condos for rent
South Boston area condos for rent
South End area condos for rent
Waterfront area condos for rent
North End area condos for rent
West End area condos for rent
East Boston area condos for rent

Click here: Boston Midtown Condos For Sale.

Buying a Beacon Hill condo for sale






Author Profile

John Ford
John Ford

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs

In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.


For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.


Back Bay

Beacon Hill

Charles River Park


North End

South End

Seaport District

South Boston



Surrounding Communities of Boston
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.

John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114



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