How fast can I get a business loan?

With Slate Financial, many business loans fund in as little as 24 hours. MCAs and lines of credit can fund same-day. Term loans typically fund in 24-72 hours. Real estate loans range from 5 days to 4 weeks depending on the product.

Can I get a business loan with bad credit?

Yes. Products like MCAs, MCA Bailouts, and Lines of Credit are primarily based on your business revenue, not your personal credit score. If your business generates consistent monthly revenue ($10K+/month), you likely qualify for funding.

What types of business loans does Slate Financial offer?

Slate Financial offers 14 loan products including Term Loans, Lines of Credit, Merchant Cash Advances, MCA Bailout, 0% Interest Business Credit Cards, Equipment Financing, Purchase Order Factoring, Commercial Real Estate Loans, Residential Mortgages, DSCR Loans, Fix and Flip Loans, Ground-Up Construction Loans, Mergers & Acquisitions Financing, and Form 1003 Mortgage Applications.

Does applying for a business loan affect my credit score?

No. Slate Financial's initial application uses a soft inquiry that does NOT impact your credit score. A hard pull is only done after you've reviewed and accepted a specific offer from a lender.

A DSCR (Debt Service Coverage Ratio) loan allows real estate investors to qualify based on the property's rental income rather than personal income. If the property's rent covers the mortgage payment, you can qualify without providing pay stubs, W-2s, or tax returns.

How Much House Can I Afford in 2026? Income-Based Calculator & Guide | Slate Financial

The #1 Question Every Homebuyer Asks

"How much house can I afford?" It's the first question and the most important one. Buy too much house and you'll be house poor. Buy too little and you'll outgrow it in a few years.

Here's how to calculate your perfect price point.

The 28/36 Rule

Financial experts use the 28/36 rule as a starting point:

28% Rule: Your monthly mortgage payment (principal, interest, taxes, insurance) should be no more than 28% of your gross monthly income.
36% Rule: Your total monthly debt payments (mortgage + car payments + student loans + credit cards) should not exceed 36% of your gross income.

Real-World Examples

Example 1: Household Income $75,000/year

Monthly gross: $6,250
Max mortgage payment (28%): $1,750
Estimated home price: $280,000 - $310,000
Down payment at 3.5%: $10,850

Example 2: Household Income $100,000/year

Monthly gross: $8,333
Max mortgage payment (28%): $2,333
Estimated home price: $370,000 - $410,000
Down payment at 3.5%: $14,350

Example 3: Household Income $150,000/year

Monthly gross: $12,500
Max mortgage payment (28%): $3,500
Estimated home price: $560,000 - $620,000
Down payment at 3.5%: $21,700

Factors That Increase Your Buying Power

Higher credit score: A 760+ score can save you 0.5-1% on your rate
Larger down payment: 20% down eliminates PMI, saving $100-300/month
Low existing debt: Pay off car loans and credit cards before applying
Stable employment: 2+ years at the same employer is ideal
VA eligibility: Zero down payment = maximum buying power

Don't Forget Hidden Costs

Your mortgage payment isn't your only housing cost. Budget an additional 1-3% of the home's value annually for:

Maintenance and repairs
Utilities
Lawn care / landscaping
Furnishing
HOA fees (if applicable)

Get Your Personalized Number

Every situation is unique. Our AI-powered pre-approval process analyzes your complete financial picture — income, debts, credit, assets — and tells you exactly what you can afford. Get your personalized home affordability estimate now.

You can also use our free mortgage calculator to estimate monthly payments.

How Much House Can I Afford? The 2026 Affordability Guide