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Best Loan for $90k Income

My income is at 90k a year but I’ve been with the company only for 6 months since I lost my previous work due to the pandemic. I’ve had 4 employers in the past 10 years with the same title and a little bit of a raise in salary each time I moved on. I’m looking for a home in the $110 to $130 price range with an option to rent a portion of it. I want to know if I qualify for a mortgage and what kind of loan and lender should I consider? by phyruxus136 from Ogden, Utah. Oct 8th 2021 Reply


Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,476 contributions

A safe ballpark idea of how much you can afford to buy is simply four times your yearly income. The only way to full know is to complete a full application with your local mortgage broker. They will go over what loan type is best for you. STAY AWAY for banks large and small, and the big online lenders. Contact a broker down the street. I lend in MN WI IA SD ND. Find me at FirstTimeHomeBuyer-MN.com - Cambria Mortgage, NMLS 274132

Oct 13th 2021
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