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How much do you have to make to qualify for a 150000 home loan?
Wiki User
∙ 14y ago
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.
Wiki User
∙ 14y ago
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How long does it take to qualify for a USDA home loan?
If you are wanting to qualify for a USDA home loan, depending on the State, could take up to 8 weeks for approval. Just make sure you all of your papers in order and you can call and check on the loan to make sure it is not just sitting there.
How would one qualify for refinancing on a home loan?
In order to qualify to refinance a home loan, the homeowner must not be in default. The homeowner must make a certain amount of income in a year and their monthly expenses cannot be more than 31 percent of their income.
What is the purpose of no doc home loans?
The purpose of a No-Doc home loan is to make it easier for people that cannot meet the strict requirements to qualify for a loan. This is done by providing a loan with little or no documentation at a much higher interest rate than usual.
How much do you have to make to qualify for the Christmas loan at h and r block?
$10,000.00
Does Park National Bank have home loans?
Park National Bank does have home loans. You need to find out if you qualify for a home loan before you buy and make sure you have all your financials in order before you attempt to get qualified.
How long does it take to qualify for a USDA home loan?
If you are wanting to qualify for a USDA home loan, depending on the State, could take up to 8 weeks for approval. Just make sure you all of your papers in order and you can call and check on the loan to make sure it is not just sitting there.
How would one qualify for refinancing on a home loan?
In order to qualify to refinance a home loan, the homeowner must not be in default. The homeowner must make a certain amount of income in a year and their monthly expenses cannot be more than 31 percent of their income.
What is the purpose of no doc home loans?
The purpose of a No-Doc home loan is to make it easier for people that cannot meet the strict requirements to qualify for a loan. This is done by providing a loan with little or no documentation at a much higher interest rate than usual.
How much do you have to make to qualify for the Christmas loan at h and r block?
$10,000.00
What are home equity loans for?
A home equity loan is a loan to be used to make repairs on a home. It is a loan that can be taken against a mortgage to fix a problem or make upgrades to a home.
Does Park National Bank have home loans?
Park National Bank does have home loans. You need to find out if you qualify for a home loan before you buy and make sure you have all your financials in order before you attempt to get qualified.
What is the average cost of a home loan?
Usually, home loans will run you about 3 or 4 percent of the cost of the home, but will vary depending on where you get your loan. Always make sure you can afford the loan and that you get your loan from a reputable company.
How do I know if I qualify for student loans?
You will qualify for a student loan if you demonstrate the need, have a social security number, enrolled in an eligible degree program and maintain satisfactory academic progress. There are very few other factors that would make a student loan possible.
If you are Pre approved for home loan is it guaranteed?
No, you are not "guaranteed" financing. Pre-approval simply means that you qualify for X amount of financing, you still have to go through the qualification process once you make an offer on a property.
Must you have a regular income to qualify for a debt consolidation loan?
Yes, you do have to have employment to be considered for a debt consolidation loan. You would have to prove to the financial institution with whom you are applying that you will be able to make the payments on this type of loan.
Can you refinance your car loan with no job?
Yes. Your job status not determine if you qualify for refinancing. You being able to make the payments does.
Is it easier to get a home or auto loan?
It is easier to get an auto loan than a home loan. No matter which kind of loan your trying to get you should also compare several loan option to make sure you get the best home or auto loan available to you no matter what current financial circumstance you may have.
