Financing in Little Elm>Question Details, Home Buyer in Little Elm, TX

what kind of income is necessary for a $75,000 loan on a $100,000 property?

Asked by, Little Elm, TX Wed Mar 27, 2013

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Agree with Don
Too many factors to consider.... Lender needs a full loan application.
0 votes Thank Flag Link Wed Mar 27, 2013
It will depend on a lot of issues as Don mentioned. Roughly about $30000-$35000, but that is purely a guess.

Call me or drop me an email and we'll get you connected with a loan officer that can help.
0 votes Thank Flag Link Wed Mar 27, 2013
Bruce Lynn, Real Estate Pro in Coppell, TX
It depends on your total obligations. IE: Car payment, credit card minimum payments etc. You should speak with a lender who can go over and review all of this information with and get pre-approved so when you find the home you want you can move on it.

Hope this helps.

Don Groff | REALTOR® & Mortgage Broker
Austin Real Estate Pros & 360 Lending Group
o 512.669.5599 | m 512.633.4157 |
websites: |
0 votes Thank Flag Link Wed Mar 27, 2013
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