My income is $20,000 pr.yr. Do I qualify for this house?

Asked by Ruthbb, Hingham, MA Fri Jan 3, 2014

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Anthony Piem…, Agent, Boston, MA
Fri Jan 3, 2014
Best advice I can give you is to contact a lender! I have a few that I have done business with and would be happy to pass along the information if you do not have one. The best way to find out if you qualify for a home is to contact a mortgage professional. Good luck!
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Kevin Vitali, Agent, Tewksbury, MA
Fri Jan 3, 2014
It is a 40b which your income should qualify. The next question is do you qualify for a mortgage. The best thing to do is contact a lender.

Your income seems a little light to qualify for a house of that price but I do not have all the information.
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Wen Farina, Agent, Reading, MA
Fri Jan 3, 2014
If you are paying cash for the house then I do not see how you wouldn't
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Deborah Hayes, , Pepperell, MA
Fri Jan 3, 2014
Certainly depends on your down payment and credit score.
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I would be paying cash for the house.
Flag Fri Jan 3, 2014
Richard Shap…, , Framingham, MA
Fri Jan 3, 2014
Depends on how much you have to put down. Assuming you have no other debts, a 20k salary could cover a mortgage (with taxes and Insurance) of about 90k.

If you have any other income, dividends/interest/self employment, that could help boost your qualifications.
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I would be paying cash for the house. That is the extent of my savings
Flag Fri Jan 3, 2014
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