How much does a single person need to make to quality for a home?
021868
2 Replies
Carl
Level 15
Oct 5, 2018 10:29:14 AM
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.
SD18
Returning Member
Oct 6, 2018 2:17:33 PM
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.