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Sure they will qualify everyone by 2 1/2 times your income. you would be able to get a loan for around 120000.00 with a fico over 525

2006-08-25 16:38:28
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Does Bank of America offer rates lower than 5 percent for home financing?

Bank of America does offer initial rates lower than 5% for home financing. However, within a few years it is likely to go over 5% and adjust to your annual household income.

How do you get a home loan with low income?

By offering low cost housing and low financing interest, and 35% of their monthly income will be the payment of monthly basis of the home loan.

What is the average annual income in Toronto Ontario?

The average annual income in Toronto, Ontario is about $68,000 per year. Average home prices in Toronto, Ontario are $240,000.

What should a FICO score be to get approved for mortgage?

Your fico score is only one factor in buying a home. The lender will also consider your job history, debt to income ratios, assets and how much you are putting down on the home. Fico scores under 580 may cause you to get a VERY high interest rate, if you can find a lender that will lend on the home. A score of 680 or above will usually get you an excellent rate in todays markets.

When can you buy a house after foreclosing on a previous one?

There are many factors to consider, such as how quickly your FICO score rebounds and lender policy, but generally you may be able to find financing for a home 2 years after a foreclosure.

How was the Average income 1932?

The typical American family had an income between $1,731 and $2113 per year. A new home cost roughly twice the annual income.

How much home can you afford?

The amount of home you can afford is based on your monthly or annual income. For example if you have a down payment of $10000.00 and a gross monthly income of $4000.00, your maximum home price should be $40000.00.

When you apply for a home loan will the interest you get depend on your FICO credit score?

Yes, your home loan's interest rate will depend on your FICO score. However, your employment history, current income levels, amount of your down payment, and market (prime) rates will also be factored in when determining the interest rate on your home loan. Individuals with very low FICO scores may not even be able to qualify for a home loan at any rate, at least without a substantial down payment or a co-signer with better credit.

Where can I get info on personal finance home?

Personal home financing refers to financing in order to purchase a home/condo for use personally (not as a business or second income). One of the first places to look at for information is your local credit union or bank. You may also seek advice from a mortgage broker.

How much do you have to make to qualify for a 150000 home loan?

Given that a reasonable estimate of the price of a home should not exceed 2 1/2 times your income, you would need a $60,000 annual income to purchase a $150,000 home.

How much is usually paid at the time of a home purchase?

2 1/2 times the gross annual income.

How do I get home improvement financing?

Home improvement financing can be easily obtained from a number of institutions if your credit rating is up to par. I have obtained financing from my bank a few years ago. Just last year I had to get financing to have my storage shed rebuilt and I was able to do it at the home improvement store where I purchased what I needed. There are also many loan companies available to help with financing.

Senior Low Income Housing?

form_title= Senior Low Income Housing form_header= Call a new place home with low income housing. Do you want to sign a one year lease?*= () Yes () No Do you have any medical disabilities?*= () Yes () No What is your annual income?*= _ [50]

If you have a credit score around 600 with little debt and an annual household net income of 45K how large a home can you afford?

A rule of thumb I have heard is this - don't buy a house more than 2.5X your income. So, for you that's a max of $135,000 for a home.

What is a long term care cost?

Long term care cost is essentially the cost to have him in the home. It would depend on both the home you choose, and annual income. You can get assistance from government programs.

Is Google home income is this a legiimate home base company?

There is a review of Google Home Income located at :

If Heather earns an annual salary of 46500 with federal income tax of 3200 state income tax of 930 and FICA taxes at 7.65 percent what will her take-home pay be after paying taxes?


What is the average household income in the US?

The average household income in the US is around 47,000 dollars. This usually is including two adults working per home.In 2007, the median annual household income rose 1.3% to $50,233.00 according to the Census Bureau.

What is the average household income in US?

The average household income in the US is around 47,000 dollars. This usually is including two adults working per home.In 2007, the median annual household income rose 1.3% to $50,233.00 according to the Census Bureau.

What is the purpose of home loan financing?

Home loan financing facilitates the purchasing or construction of a home. Most individuals cannot afford to purchase a home without the help of a loan as it is a very big financial investment.

Is there a federal government grant to assist with home repair?

In Canada there is a government grant that assists in home repair. You have to be below $30,000 annual income to be eligible for a $20,000 one-time forgivable loan.

How does a FICO score of 672 affect being accepted for home loans?

It affects your interest rate.


HOW MUCH OF A GRANT FOR HOME REPAIRS FOR LOW INCOME? is there a grant for home repair for low income?

If heather earns an annual salary of 46500 dollars with federal income tax of 3200 dollars state income tax of 930 dollars and FICA taxes at 7.65 percent what will her take home pay be after paying?

38, 812.75

Who pays the insurance on the home when its owner financing?

Property insurance is traditionally paid for by the buyer and is part of the mortgage financing contract. The property insurance is to cover the home and must name the mortgage financng entity as a co-insured mortgagee. It does not matter who does the financing.