At the risk of offending Marc, Perry and the ladies, I offer this generic, non-binding, unofficial example of a possible loan scenario (just an EXAMPLE, not an official loan quote!) which may or may not even be available to you pending receipt of verification of assets, income,. property appraisal, title report, wood destroying pest report, homeowners association documents etc. etc.
with an excellent FICO and full income and asset documentation,
You might (maybe) be able to obtain a 30 year fixed rate loan at 6.7% note rate (approx 7% APR.)
for $140,000 with principal and interest payments of $904.00 per month.
This assumes a housing to income ratio that does not exceed 38%. It also makes a ton of other (best case scenario) assumptions. Such as 1. Owner occupied, 2. No other consumer debts 3. Payment of at least one origination point. 4. At least 20% down -- The least likely of this best case scenario is the idea that you could find a habitable house or lendable condominium in Long Beach for $175,000.
and that you would have 20% to put down plus closing costs.
On the other hand you might be eligible for some amazing below market rate program that is available to low to median income earners on their first time home purchases.
No one else wanted to give you a direct answer to your question, they neither wanted to give you false hope or to discourage you. My above example is only a starting point, you might be able to borrow more or less, and you might be able to get a lower rate, or have to pay a higher rate.
A residential loan application is at least four pages long, (Fannie Mae 1003) and must be fully completed before an accurate quote and good faith estimate can be prepared by your loan officer.
Even after you get your quote, remember a quote is not a guarantee, rate locks are usually available after a borrower has submitted most of the documentation that is needed to underwrite and approve the loan.