You more than likely need a co-signer who can help you qualify for a higher amount. $35,000 or so will get you qualified for about $1,150 mortgage monthly payment, which means a loan amount of about $100,000. Unless you're counting on a downpayment of more than $100,000, you're probably not going to find something priced close to $100k. Maybe a co-op or condo, but for a house, you'll need a co-signer for sure.
Feel free to call or email me anytime, I can explain in more detail. Good luck!
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Senior Loan Officer
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
(516) 606-9648 Cell
(516) 740-4478 Office
(516) 918-5383 Fax
Well I hope this helps! If you have any further questions or if you need a loan, feel free to contact me. Also, if you found this helpful please leave me a recommendation if you can!
Brian Nguyen Sr.
NMLS # 659743
Your income is low.
You would need to make $60,000 to afford a $250,000 home.
This depends on credit, taxes, income history,
down payment plus closing cost, debt to income ratio etc....
Pleases stay away from Short Sales and Foreclosures.
Can you get a :guarantor for a mortgage?
Please call with any questions.