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Level 1
Oct 5, 2018 11:00 AM UTC
Question

Home ownership

How much does a single person need to make to quality for a home?

    2 replies

    Carl
    Level 11
    Level 11
    Oct 5, 2018 5:29 PM UTC

    You're asking the question the wrong way. What you need to know is,

    How much home can I buy, based on what I make now?

    You'll have to confer with lenders in your local area for what their requirements are.

    Level 2
    Oct 6, 2018 9:17 PM UTC

    How much home you can buy is base on your debt to income ratio, your income and how much debt you currently have. You can meet with a lending officer at your bank/credit union and they can help you figure that out. But they will need to run your credit to give you a more accurate amount, which will affect your credit a little. Hope this helps.