No income restrictions, however new mortgage payment may not exceed 28 % of total gross with a total debt of 36 %. (regionalhousingauthority.org)
Your monthly payment depends on whether you choose a fixed - rate or adjustable - rate option for your new mortgage (bankofamerica.com)
These costs can change, and your mortgage lender will recalculate amounts needed annually, and notify you of adjustments and new mortgage payment amount. (fhaloanpros.com)