We want to buy our first home using our military entitlements. We are both military. How much of a loan can we qualify for. Income is $140,000 combined and credit is in low 700 range.

Call your local mortgage broker and they can check your eligibility. We don't lend in NE otherwise I would offer to help you....good luck

I agree with the already submitted answer to your question.

Hi Hayden513,How much you can qualify for is going to depend on your total monthly debt but to give you an idea here's some numbers.With your income and monthly paymentys (car loans, credit cards) of $2,200, you could afford to have total mortgage payment over $2,600 per month. That amounts to a purchase price of around $425,000 with an estimated tax & insurance monthly payment of $600.00.| Please feel free to contact me for more information or help. | John Burke | Senior Mortgage Banker | Great Plains National Bank http://www.valoansdoneright.com | (877)228-9069 | Lending in ALL 50 states