It depends on your credit history, employment history, and how much down payment you have prepared.
The best way to find out how much you can be approved for is to contact any bank, credit union, or mortgage broker to get pre-approved for a loan. It is free and there is no obligation to use the lender that you get preapproved with.
I would be happy to recommend a few lenders to you that would be able to help you out, and help you get started on your home search after you get preapproved.
Feel free to contact me directly at (310) 717-1321 or JamieTian@RodeoRE.com.
The purchase in 91342 zip code of Sylmar start from 78k for 3bd 2ba single family home which is as low as $400 down payment with a minimum 580 fico score. If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.
You may qualify to buy FHA with fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program. You may consider 3% down conventional from a minimum 620 fico score. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.
You will need to be pre-approved if you decide to buy to be able to meet an agent to view and submit offers on any homes of your choice. It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some links to study as well as web reference links to many loan program pages offered...
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ Years Experience
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
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We can do: FHA, Conventional, USDA, VA, HARP, Interest Only, Home Equity, Fixed, and Variable. Find out which product is right for you by calling Brad at (630) 639-1081.
Sr. Loan Officer
Toll Free: (855) 415-5626 ext. 5734
You must have acceptable credit quality.
Your monthly obligations to car payments, credit cards, etc must be calculated into your overall qualifying components.
Lastly, we would need to know how much you are intending to utilize for down payment.
Help us to help you and give us more info:
-monthly obligations (car, credit cards, child support, etc)
-quality of credit (any collections, bankruptcy, etc)