Real estate loan: with a rate of 4%, how much can you borrow with a salary of 2,000 euros per month ?

Les taux immobiliers connaissent une légère baisse depuis plusieurs semaines. MAXPPP – Jean-Luc Flémal

While mortgage rates have been falling in recent weeks, and are around 4% on average over 20 years, some borrowers are hoping for an even lower rate.

How much can you borrow today with your salary ? If many French people ask themselves this question, the answer is not obvious. According to MoneyVox, everything depends on the salary, but also on the price of the desired good. In recent months, the real estate loan market has evolved very quickly. In May 2021, the average credit rate over 20 years was 1.10%, compared to 4. 25% in November 2023. Today, we observe a slight drop: 4.05% according to the broker Best rates.< /p>

With 2,000 euros per month

For a 23-year-old borrower who has a salary of 2,000 euros per month, his/her debt rate is set at 35 %, or monthly payments of 700 euros, including insurance reimbursement. With a rate of 4.20% over 25 years, and insurance at 0.10%, its borrowing capacity today amounts to 127%. 907 euros, compared to 136,000 euros in June 2023 when the 25-year rate was set at 3.60%, or 8,000 euros less.

With 4,500 euros per month

For a couple in their thirties with an income of 4,500 euros per month together, their monthly payment would amount to 1,577 euros, insurance included, set at 0.25%, the loan being insured at 50-50 per borrower. With a rate of 3.95% over 25 years, this couple can hope to borrow 284,000 euros over 25 years, compared to 304,000 in June 2023. Either a loss of 20,000 euros in just nine months.

With 7,000 euros per month

Finally, for a couple in their fifties earning 7,000 euros per month, the monthly payment allocated to the credit would amount to 2,333 euros . With such income, the couple will be considered a good file by the bank, and will be able to qualify for a credit rate of around 3.80% over 20 years. With insurance at a rate of 0.40%, their borrowing capacity amounts to 370,700 euros in February 2024, compared to 383,612 ;nbsp;euros in June 2023, when rates were at 3.40% over this period. In less than a year, they lost 13,000 euros in borrowing capacity.

"I think that prices will no longer move or almost, with perhaps an exception in Île-de-France", judge Maël Bernier, communications director of the broker Meilleurtaux. There is therefore no point in waiting for prices to fall further if you can borrow today . In addition, your credit can always be renegotiated downwards. The banks have all returned to the market, so it's a good time to position yourself, especially more than certain sellers are in a hurry, there are therefore necessarily opportunities to be seized, he indicates in comments to our colleagues Money Vox.

On the contrary, if it is impossible for you to finance your project at the moment, that does not mean that you will be stuck for the duration ;year."We can hope to return below 3.50% during the year, and even return to around 3% of&#39 ;by the end of the year", concludes broker Cafpi.