Could i afford a $174900 house with a 50000 annual salary?

Good Afternoon: on a 175K loan amt, principal and interest would be around $925 depending on credit scores etc....50k salary is fine...not sure what your other debts are..If you'd like to get some information, feel free to call and discuss. Mike (703 505 5300) lending in 49 states except Alaska (NMLS 754785)

The short answer is yes. We are interested in two ratios; your housing ratio and your debt to income ratio. I deally, we need your debt to income ration to be around 43%, but we may be able to get an approval with a higher dti. Depending on how much you plan to put down as a down payment, your credit score and program, will determine your rate and payment. In addition to your principal and interest, there are property taxes and homeowner's insurance and possibly mortgage insurance. The best thing to do is get prequalified so you know what you can afford. For no charge, I can check your credit and income and assets to make certain you are qualified for the home you are interested in. I am a Texas based lender. I can be reached at 214-733-6899. My name is Tim or email me at timothy.singleton@nflp.com.

On FHA financing your total loan amount would be $170,460.00 depending on the credit (using best rate) PITI $1505.29 fixed estimating taxes and insurance. Would have to know what your debt is to determine total qualifying please give me a call where we can discuss the debt ratio and get you into your new home. (214)236-1384 thank you.

I can get your principal and interest down to about $691.07. Add taxes and insurance say ballpark another $350 a month on a $175,000 house in TX and you are probably around a $1040 a month payment escrowed. We do a single upfront premium for MI and you do 3 -5% down depending on FICO. This is on a 5/1 Hybrid ARM at 2.5%. If you plan on staying in the house we can look at a fixed rate. You tell me your goals and I work toward them. Call me or one of my loan officers for a no cost no obligation consultation. Have a great weekend!Brad bcahoone@globalhomefinance.comapply online: http://globalhomefinance.com/apply.php