The only way to figure this out will be to speak with a mortgage banker or broker. I encourage all of my clients to get in touch with one so they'll have a very good idea how much purchasing power they have. I have a couple of very good contacts that I can send you're way.

You and your husband are correct that buying a home in Manhattan now is an excellent idea as there is no guarantee you'll get a better value any time in the near future. Low interest rates, high amounts of inventory, and amazing new developments are all on your side. I'm sure you'll be able to find some sort of financing to help out. If you're looking to purchase I would also like to put you in contact with an excellent real estate attorney. Buying property in Manhattan is a complex process but it can be made much easier with the help of professionals.

I believe your best bet would be to contact a loan officer. They can give you answers to any questions you may have regarding loan programs and the qualification process. We have a wonderful loan officer, Bob Evans with Prosperity Mortgage has been in the mortgage industry for quite some time and has a wonderful reputation. He would be more than happy to council you on your options. You can reach Bob at 757-623-2500 (office) or 757-490-9200 (cell). If you would like for us to refer a good agent in the city to you, please let me know and I can arrange that. Please do not hesitate to email or call if I can be of assistance. Best of luck to you and congratulations on your new career and house-hunting adventure.
Candy C. Dennis, Sales Manager Long and Foster Real Estate, Ghent in Norfolk
candy.dennis@longandfoster.com