Profile picture for good school

buy a house around 150,000. Income 35,000+ per year. no debt. Pay down 20,000, how much can borrow?

Can I get a loan from bank easily?  In what process?
  • January 01 2009 - Beaumont
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Answers (1)

Profile picture for SlickPoetry
with a $35,000 income and a $20,000 down payment, most banks would suggest a house around $130,000. That's if you qualify for a 5.5% interest loan, which means your credit better be in good shape.
  • January 02 2009
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