not sure of affordability please help

we don't have enough information... What size down payment? What are average home taxes in your area? I suggest you contact a mortgage broker in your area. Give them a full application, and they can assist you in determining your affordability and comfort range.

hi there: have some questions to ask you so I may go over some proposed new monthly mortgage for your review. May I ask your current rent you are paying etc. We have programs from 3% down with monthly mortgage insurance. Lending Naitonwide (NMLS 754875) Mike 703 505 5300

Hi - my office uses a software program that calculates how much home you can afford based on your income and debts, and current loan rates and money down. Looks like with 20% down, you may qualify for a $293,000 home. With 10% down, you may qualify for a $255,000 home. With 5% down, you may qualify for a $230,000 home. These figures aren't exact or guaranteed, but should be a good starting point for you. I do not do loans in Texas, so you should probably find someone local to sit down with and go over all of your numbers with. Best of luck! Marty Stern

A good guideline is that it is easier to get you approved is all your monthly payments, including the payment on the house you purchase are less than 45% of your gross monthly income. If you make $58k/yr that equals $2174/mo for all bills, including minimum payments on any credit cards. if all you have is $530/mo in debt potentially you could qualify for a payment of around $1650+ - and possibly more IF (BIG IF) you are comfortable with that payment. So, I usually turn that question around to my customers and one of the first questions is how much YOU are comfortable paying for a house payment (mortgage, taxes, insurance, PMI, HOA dues included). Then I back into the mortgage amount after backing out taxes, insurance and HOA dues. If that isn't the number you wanted we start talking about potential tax deductions and adjusting your budget - make sense? I can help! Pdumouchel@primelending.com or 843-619-6025; or apply online at: https://lo.primelending.com/pdumouchel PrimeLending is a national residential mortgage lender based in Dallas owned by a nearly $10B Texas bank. Nationally in 2012 and 2013 we were #4 for purchase transactions (as determined by MarketTrac(c) for Jan-Dec 2012 & 2013). Offering mortgage options including both conventional (conforming & jumbo) and government loans FHA, VA & USDA.