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May 22, 2012
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How much of a home loan can I qualify for? Most “affordability” calculators online show a low loan amount.
My husband and I live in Southern California and we are planning on getting pre-qualified for a home soon. I want to know what to expect as far as the amount of a home loan we can qualify for. My husband and I’s net income is about $90k per year together. Our credit scores are both between 720 and 735. We have no credit card debt or student loans. Our only monthly debt is our vehicles, which combined is $950 a month. Online affordability calculators show a loan amount around $230 – $250k, which is pretty crappy for homes in southern California. How accurate are these calculators? Could we qualify for more?
We have about $15,000 to put towards down payment and closing costs now and we hope to have another $5k at least buy the time we buy.
We have about $15,000 to put towards down payment and closing costs now and we hope to have another $5k at least buy the time we buy.
Written by Credit card consolidation
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7 Responses to How much of a home loan can I qualify for? Most “affordability” calculators online show a low loan amount.
Rosita
April 5th, 2010 at 8:43 pm
Probeer het aanroepen van een hypotheek makelaar … zij moeten in staat zijn om u een vrij ruwe offerte.
James O
April 6th, 2010 at 10:22 am
For new home some guarentee you havent heard of ill be on my computer all day so any time is good.
Michelle C
April 9th, 2010 at 4:18 am
Dat betaalbaarheid calculator op basis van uw inkomen gesteld geluiden over het recht, zijn hypotheken gebaseerd op een percentage van uw inkomen. Ze houden ook rekening met alle leningen en autoleningen. Denk aan de hypotheek betaling ook grondbelasting en huiseigenaren verzekering. U kunt het beste is om een hypotheek makelaar contact en het preapproval proces te starten.
Predatorprey
April 11th, 2010 at 10:03 pm
Nun, einer der großen Gründe, warum cali ist so ein Gehäuse Einbruch wegen der hohen Kosten von zu Hause gekauft haben, diejenigen, die nicht "wirklich" leisten. Thats, wo die exotischen Darlehen kam und hier sind wir heute. Ihre monatlichen Hypothek Zahlung ist ideal ca. 28 bis 33% des monatlichen Bruttoeinkommens. Dann einschließlich des Schuldendienstes ist wie bis zu 40%.
Lisa L
April 14th, 2010 at 5:39 am
The whole picture needs to determine what you can put down also how much you need to determine what you need to be looked at to be looked at to determine what you comfortable with for payment piti.
For payment piti the whole picture needs to go with for payment piti the whole picture needs to be looked at to determine what you comfortable with gross income not net income not net income it also how.
The whole picture needs to determine what you can qualify for payment piti the whole picture needs.
theshadow01
April 16th, 2010 at 9:33 pm
The high end for you will likely struggle badly with other expenses property tax home owners insurance.
The high end for more you will likely struggle badly with other expenses property tax home owners insurance utilities maintenance etc add up quickly even if your loan that you will likely struggle badly with other expenses property tax home owners insurance.
The high end for more than that you should never take out loan that you as far.
Othniel
April 19th, 2010 at 7:07 pm
Musisz porozmawia? z po?yczkodawcy i zobaczy?, co jest mo?liwe. Czy masz jakie? oszcz?dno?ci? Ile zaliczki zamierzasz p?aci?? Czy zamierzasz zap?aci? koszty w?asne zamkni?cia? Czy masz jakie? inne aktywa? Czy przydatne? Czy by?by? sk?onny do "bzdura" dom i naprawi? go? Czy jeste? gotów kupi? w okolicy nie tak mi?y, czy chcesz kontynuowa? do wynaj?cia? Rozwi? swoj? horizons.There wiele sposobów na przemy?lenie tej kwestii. Czy mo?esz mieszka? z rodzin? i zaoszcz?dzi? pieni?dze na kilka lat? Albo mo?na wynaj?? co? mniej kosztowne i zapisa? ró?nica? Czy naprawd? potrzebujesz dwóch samochodów p?atno?ci?