Zillow Advice: Moving - Any realtors near Austin Tx area? Need Help!!!!

This Austin real estate blog here has ...

Thu, 09 Jul 2009 14:50:00 GMT

This Austin real estate blog here has really good charts and info. If you want to know how much you might qualify for you might try the how much can I afford calculator here. This mortgage qualifier here also lets you go by income, desired monthly payment amount or purchase price. You can run your numbers through those and see what you would feel comfortable with based on your situtation.

If you're recently laidoff ...

Thu, 09 Jul 2009 14:34:00 GMT

If you're recently laidoff and you have no other income than the $1400 a month, If you could find a condo somewhere under $30k, you might be able to obtain financing, but doubt it. Not trying to be rude, but when you don't have a job with actual income coming in, and mortgages are based off of "debt to income ratios", I don't see how a lender would allow you to buy anything right now...

At first blush I'd guess ...

Wed, 08 Jul 2009 17:07:00 GMT

At first blush I'd guess $140-$155k...but there are LOTS of variables.

Hey, Goldenguest,I am an ...

Tue, 07 Jul 2009 20:52:00 GMT

Hey, Goldenguest,

I am an Austin area Realtor and would be happy to help. I read the answer sent to you and I hope that your combined income is more than $1400/mo because you could not get a loan under this circumstance. With the kind of down payment you have, you should go for a conventional loan, FHA loans are generally used for people with less than 5% down payment available, I cannot see any other advantage in it. Remember that the more you put down, the lower your monthly payments will be.

Where exactly "near Austin" are you interested to settle? There are some very nice cities around Austin, like Cedar Park, Round Rock, Pflugerville with quite affordable home prices.

Let me know if I can help with this home purchase.
Good luck!

Is $1400.00 your total monthly ...

Wed, 01 Jul 2009 20:32:00 GMT

Is $1400.00 your total monthly income or just what you'll receive from SS.
If this is your total income you really need to look at renting. Frankly you won't have enough money to own AND maintain a home.
Forgive me if I've misunderstood your figures.