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How much do you have to earn to buy a $600,000 home in Southern California?

Buena Park to be specific by jarred.holtz522 from Buena Park, California. Sep 23rd 2014 Reply


Barry Hollander (bhollander@stearns.com)
#1022 ranked lender in California - 1 contribution

Good morningJarred, it all depends on how much of down payment you are coming in with, the amount of debt, auto, credit cards, student loans and other obligations. There are several programs available that have different debt ratio limits so it is best to discuss your situation so I can provide a more accuarate assessment. Please feel free to call me at 805-367-3117 ext 101. Tahnk you, Barry Hollander

Sep 23rd 2014
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Dan Paladin (dpaladin)
#356 ranked lender in California - 792 contributions

More info is needed....down payment, property type, amount of consumer debt.This scenario is based on ZERO debt and 10% down....for $600K SFR purchase.Income needed would be approx. $105K. More income would be needed to account for debt such as car payments, credit card payments, etc...Feel free to contact me to secure a more accurate assessment. 562-254-5616

Sep 23rd 2014
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Sean Young (SeanYoung)
#1 ranked lender in Colorado - 1,112 contributions

Hi Jarred, it will depend on your down payment, property taxes, insurance, HOA fees and your other monthly debts that show on your credit report. I would suggest to speak with a local lender and have them pre-approve you so you know exactly how much you qualify for. Best wishes, Sean

Sep 23rd 2014
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