topic Home ownership in Home loans

Home ownership

roshanda28 — Fri, 05 Oct 2018 11:00:14 GMT

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

Re: Home ownership

Carl — Fri, 05 Oct 2018 17:29:14 GMT

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.

Re: Home ownership

SD18 — Sat, 06 Oct 2018 21:17:33 GMT

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.