I make $45k a year, credit is over 700 and i have $15k to put down. by sentran7334 from Chico, California. Nov 10th 2017
If you plan to live in the property you will likely qualify to purchase the home with a FHA home purchase loan. The market rent for the other unit that you will not occupy is considered in the debt to income calculation.
As I stated last month when you asked this question,,, More info needed.. First, if you are looking at a duplex.. meaning a 2 unit building, and you are buying both units.. then this is considered multi housing.. if you live in one of the units, then you can use FHA with 3.5% down.. If you do not intend to live in one.. then no.. you will need a minimum of 20% down.. As far as your income, credit score and down payment.. it's possible that would work, but lenders look at your debt to income ratios.. you only provided your income.. without knowing your debt, it's impossible to advise you.. This I will say for sure.. give me 10 minutes of your time, and you will know for sure if you can qualify.. I'm available anytime.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893
I can loan up to $250,000 without using tax returns, paystubs etc lindaonthego@outlook.com
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