Around $60,000. Slightly more if you have a significant amount of money saved up for a downpayment.
by Lauren F - 11 hours ago
I would suggest you go to a reputable online source where you can pre-qualify to several different lenders at once. The lenders can carefully analyze your situation and let you know how much you can afford. Remember, just because you can qualify to a certain amount always be conservative and do not over leverage.
by BL - 11 hours ago
You can get the home loan around: 60000.00 to 72,000.00
by Hoa N - 11 hours ago
There are many criteria that will need to be determined to answer this question, but to try and get you an answer I'll make a couple assumptions: Assumption 1 - Your premise is correct and your credit is good, and you have no debt. Assumption 2 - You have little down payment and so will need to be going FHA with a 3.5% down payment. Assumption 3 - You have had a job in your industry for 2 years or have been in school studying for the position you are in. If that is the case, you should be able to get approved for a loan with a "debt to income ration" (DTI) of about 45%. With an income of $2,000 a month you would be looking at qualifying for a home with a payment of about $900. This needs to include Principal and Interest as well as any tax, insurance, and home owners association dues on the home. Your probably looking at a home around $100,000.00 depending on taxes & insurance costs.
by MNLandlord - 11 hours ago
Your payment should be no more than 31% of your income, and with the price of homes in CA and how hard it is to get a mortgage, it's going to be tough. You need a minimum of about 10% down. Your payment won't be able to be more than $620 and that includes taxes and insurance, so about a $50,000 house. I hope that helps, I know it's not what you want to hear, but I'm just being honest. I would rent for a while until you can make more money and save $ for a down payment (if you don't already have one). Feel free to email me with any other questions about it. Good luck
by MDrape - 11 hours ago
well your salary is only one criterion to get loan and since you have good credit but each loan giving authority has other provisions like whether how stable is your job where and how big home you need how you will pay back the loan whether you are legal and citizen here Best thing is to go to to banks giving loans or govt and other loan giving authorities and talk to them to get the correct information specific to you There are many govt and other charitable institutions pro grammes and they may give you loan on easy terms with very low or no interest
by ? - 11 hours ago
With no debts about 60k. Not many banks deal that low in CA, but you shuld be able to find a couple.
by Landlord - 11 hours ago
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