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Level 1

Question

Home ownership

Forum|Forum|7 years ago
October 5, 2018
2 replies
0 views

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

Level 11

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

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.