Home Buying in Brooklyn>Question Details

Tamairl, Home Buyer in Brooklyn, NY

My yr income is 19000 I saved 5,000 for a down payment. Are there any non governmental, state mortgage company that would approve a home loan 60-70k?

Asked by Tamairl, Brooklyn, NY Sat Dec 7, 2013

My credit is 680 and improving my monthly debt is only 60.00 for a student loan

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With an income of about $19k, you would qualify for a mortgage payment of about $600 a month and that's including principal & interest, monthly taxes, mortgage insurance and hazard insurance and any homeowner dues if there are any. Not sure where you're looking to buy, but in my 10 years in this business I've never seen a monthly payment that low.

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Javier Meneses
Senior Loan Officer
NMLS #23130
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
jmeneses@snb.com
(516) 606-9648 Cell
(516) 740-4478 Office
(516) 918-5383 Fax
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