Re: Home ownership

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

posted

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.

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.