Skip to content

Income Requirements

This calculator tells you how much monthly gross income you may need to qualify for the home you want. Mortgage companies use ratios to analyze your mortgage payment, and you will be required to enter these below. The housing expense, or front ratio, compares your total mortgage payment to your monthly income. The total debt expense, or back ratio, compares your total monthly obligations including your total mortgage payment to your monthly income.

You will be required to enter specific information about your monthly property taxes and property value. Any other property information fields you leave blank will be assumed to be zero. In either case, the results displayed below are only estimates of the amount of income you may need to qualify for a loan.

Property Information

$
$
$
$
$

Loan Information

%
$
%
%


The results displayed above are only estimates and cannot be used to determine actual loan costs or be used as a guarantee. Please consult your tax advisor for information on the deductibility of interest for tax purposes. Refinancing or taking out a home equity loan or line of credit may increase the total number of monthly payments and the total amount paid when comparing to your current situation.

To qualify for a home loan with us you must meet one of the following criteria:

  1. Already be a Member with us.
  2. Meet one of the eligibility requirements for Membership.
    1. Be a school employee at an eligible school in California (Teachers, Administrators, Classified Staff, District Employees, Department of Education Employees, and Government-Sponsored Education Program Employees).
    2. Retiree receiving a pension or annuity from an eligible school.
    3. An immediate family member of an existing Schools Financial Member.

If you are unsure if you meet one of the criteria above and would like to speak to a representative please call our Member Contact Center at 916-569-5473.

If you meet one of the eligibility criteria above, please press continue to apply.

To qualify for a home loan with us you must be eligible for Membership. Please select an option below to continue.

  • Choose an item.

If you are unsure if you meet one of the criteria above and would like to speak to a representative please call our Member Contact Center at 916-569-5473.

Please press exit to be taken back to our Mortgage Homepage.