The Mortgage Files

Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.

Chart comparing income requirements for 20%, 10%, and 3.5% down payment options on a $799,743 Sonoma County home at 6.5% interest, highlighting affordability differences

How Much Income Do You Need to Buy an Average Home in Sonoma County?

By Scott Sheldon / November 20, 2024

Buying a home in Sonoma County, with its breathtaking vineyards and charming communities, is a dream for many. However, with the average price of a home at $799,743, it’s essential to know how much income you need to qualify for a mortgage. Let’s break this down using a 6.5% interest rate and explore three common…

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