Can we buy a 65k home with a 50k combined income?

Based on this information, you should be just fine. Of course it really depends on how much debt you have, but with that income, you would have to have a LOT of debt before you would not qualify.

depending on this information being verified and true, and also US citizenship of your wife to be able to use her, you should be fine. Credit report and basic information needs to be obtained so an accurate loan scenario can be worked up by a loan originator, so that your terms and rate can be discussed for the total picture. If the house can get an acceptable appraisal, your debt ratio and credit scores are ok, then this should be fine. You can reach me by email at: TMoreno@bncnationalbank.comthx. Tim

Hey Larry... contact a local mortgage broker, not a bank and apply with them... based on your information, you should be just fine... this is assuming you don't own a home now and are looking to purchase a primary residence... if your talking about an investment home, you would need a minimum of 20% down. Also, most lenders, conventional or FHA will require the property to be in acceptable and livable condition. The appraisal will dictate what needs to be done to make it habitable. There are hardly any conventional rehab loans out there today, so you would have to go FHA 203K, and it would have to be your primary. With the 203K, you can finance your repair costs... WilliamAcres.com