Pillar to Post, Dave Dalfino. He is ASHI & NAHI Certified. If you want to know WHY you need a great inspector, click on my blog.
Pillar to Post is a chain and not all are created alike. Go here: http://westwayne.pillartopost.com/bookinspection to request an inspection. Matt & Dustin are the best if you cannot get Dave. You won't be sorry. Don't let anyone talk you into a cheap, uneducated inspector. Great agents want you to have a great inspector. Avoid any inspector that calls himself/herself Anti-Realtor. That's a scare tactic. Great inspectors are tough to come by.... more
Based on a purchase price of 150K with 800.00 yearly insurance and 2400.00 yearly property taxes and 6% interest rate you would need to earn between 43K-51K. The difference being approximately 4K between down payment amounts. This is calculating your home payment only. There are other considerations if you have other monthly debts. Your best bet would be as everyone else has stated to talk to a loan officer who can better pre-qualify you. You'll need to show at least 2 years of income at these amounts. Since the market melt down it is even more difficult obtaining a mortgage when you're self employed.
Karen Paytas, GRI, CMS
Real Living Kee Realty
Skyview, I know that if you are a first-time homebuyer in NY State then you may be eligible to get the NY State Mortgage Credit Certificate (MCC) which will enable you to claim a federal tax credit equal to 20% (dollar-to-dollar) of your annual mortgage costs for as long as you continue to occupy the property. If your federal tax lialibilty is less than the MCC credit in any one year, the amount of unused tax credit can be carried forward for up to 3 years. MCC applications are expected to be available at participating lenders by early September.
Should you need further info let me know. Please note that this is only for NY State so far.
Hope this kind of anwer to your question.