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The amount of your income dependson the loan size you need. Contact your local banks for guidelines.

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15y ago

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Related Questions

How much loan do you qualify for?

Lenders decide how much money to loan based on your income, credit score, and what type of loan you are looking for. Also, if there is collateral to back your loan.


How can I get preapproved for a loan?

To get preapproved for a loan, you typically need to submit an application to a lender. The lender will review your financial information, such as your income, credit score, and debt-to-income ratio, to determine how much they are willing to lend you. This preapproval will give you an idea of how much you can borrow before you start shopping for a loan.


How much will you get approved for a home loan?

The amount you get approved for a home loan depends on factors like your income, credit score, and debt-to-income ratio. Lenders typically consider these factors to determine the maximum loan amount they are willing to offer you.


How much pre-approval can I receive for a loan or mortgage?

The amount of pre-approval you can receive for a loan or mortgage depends on factors like your income, credit score, and debt-to-income ratio. Lenders will assess these factors to determine how much they are willing to lend you.


Does Sallie Mae base a student loan on income to debt credit and how much do people usually get on a student loan from them?

i actually worked for sallie Mae as a student loan consultant. It depends on the type of loan that you are looking for. they all vary from loan to loan.


How much monthly income must you show to a car loan lender for a 9000.000 car?

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How much can a 18 year old get for a car loan?

It's based on your income and credit history.


If you are not working and apply for an auto loan with a co-signer with sufficient employment will you qualify for the loan?

No, the person applying for the loan definitely needs a verifiable source of adequate income. The above is correct. On the loan application, it will ask for the "primaries" (that would be you, the one getting the loan) your income, how much you get paid per hour, etc. etc...BUT, I don't think it even asks for the income of the co-signer...I can't recall if it did or not. But yes, you definitely need a job :)


Can you get a home loan if you owe a school loan?

Of course as long as you have the income to support both loans. If you are past due with your school loans the process will be much more difficult.


Advantages of Auto Loans Calculator?

People with a large number of varied income levels have the luxury of qualifying for an auto loan. Auto loan lenders generally do not care how much a person makes, they just want to be assured that a borrower has enough income to pay their monthly repayment amount. A car loan calculator helps a person determine an estimate as to how much they can afford for a monthly auto loan payment. The calculator does not provide exact quotes but it does help a person divide up their income and see how much money they have available to go towards a car payment.


How can I get pre-approved for a loan?

To get pre-approved for a loan, you typically need to submit an application to a lender. They will review your financial information, such as income, credit score, and debt-to-income ratio, to determine how much they are willing to lend you. This pre-approval can help you understand your borrowing capacity before you start shopping for a loan.


How much can I borrow for a house loan?

The amount you can borrow for a house loan depends on factors like your income, credit score, and debt-to-income ratio. Lenders typically consider these factors to determine the maximum loan amount you qualify for. It's important to shop around and compare offers from different lenders to find the best loan option for your situation.