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How much can I get a loan for on a house if I make 12 dollars an hour?

I make 12 dollars an hour..been at my job for 4 years, good history and credit. I only have a 300 dollar car payment a month.

...asked February 8th, 2012 @ 10:25 pm in Loan - Home

41195jlf
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Very little if any.

...answered February 8, 2012 @ 10:53 pm


41196Steveshawna Ford
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The spam answers are taking over in here. You simply need to see a good loan officer who knows his stuff concerning the latest FHA changes. Send me a message if you need a recommendation. I don’t want to post it on here, and just be another spammer.

...answered February 8, 2012 @ 11:24 pm


41197Bob
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Based on your income and existing debt you could be approved for a payment in the $ 700-750 range if you have a source for the down payment and closing costs. If you qualify for a zero down VA loan that will qualify you for about $ 100,000. With FHA the mortgage insurance adds to your payment so that income and debt would qualify for around $ 90,000. Tax and insurance rates can also vary from place to place so the amount you qualify for can change.

Being approved for a loan and being able to afford the payments are two different things. A person with good credit can still be approved for a debt/income ratio of 50% or higher and that can be difficult to keep up in many households, especially if you have kids. You need to find a payment you can live with that will allow you to maintain your lifestyle and put some money away for planned and unplanned expenses.

...answered February 8, 2012 @ 11:51 pm


41198Sonia James
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Hello my dear do not full prey to those hoodlums at they that call them self money lender they are all scam , all they want is your money and you well not hear from them again they have done it to me twice before I met Mr. John Ward the most interesting part of it is that my loan was transfer to me within 24hours to me with bad credit so I well advice you to contact Mr. John if you are interested in getting loan and you are sure you can pay him back on time you can contact him via email johnwardloan@live.com
They offer all kind of categories of loan they

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Long term loan (20_40)

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They offer loan like

Home loan!!!!!!!!!!!

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Debt loan !!!!!!!!

Student loan!!!!!!!!

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Email >>>>johnwardloan@live.com

When it comes to financial crisis and loan then john ward loan financial is the place to go please just tell him I Mrs. jenny brown direct you Good Luck>>>>>>>>>>

...answered February 9, 2012 @ 12:49 am


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