How much income do I need (least amt.) to qualify for an FHA loan?

Asked by Amy Sherman, Brooklyn, NY Mon Mar 11, 2013

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Keith Jean-P…, Agent, East Brunswick, NJ
Mon Mar 11, 2013
BEST ANSWER
Depends on the purchase price, your credit, your last two years tax returns, taxes, HOA fees if any, etc. There are a number of factors. Speaking with a mortgage professional will answer all these questions.
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Javier Menes…, Mortgage Broker Or Lender, Melville, NY
Mon Mar 11, 2013
It's pretty much impossible to answer that question. It's actually backwards. The right way is, how much or a mortgage do I qualify with my income.

I know you have tons of questions, but I can't say it enough, you will be better off meeting face to face with a Loan Officer, that means me or any other you elect to meet with.

If my response was helpful, consider clicking BEST ANSWER!

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