what loan can i afford ?

HI THERE: THERE IS A 3% DOWN LOAN PROGRAM WITH NO MONTHLY MORTGAGE INSURANCE. ALSO WE CAN FIND OUT IF U ARE VA ELIGIBLE ETC. WITH YOUR CREDIT INCOME SHOULD BE FINE....ON YOUR CAR DEBT IF LESS THAN 10 PAYMENTS LEFT WE CAN OMIT PAYMENT DEPENDING ON LOAN PROGRAM. BE GLAD TO GO OVER MONTHLY PAYMENTS AND DIFF SCENARIOS FOR YOU NO OBLIGATION.. LENDING NATIONWIDE (MIKE 703 505 5300) NMLS 754875

If that is the only debt you have you should be fine - but it partly depends on how much the regime fee is for the condo you want. Also, make sure the condo is financable - some are not "approved" for financing by VA which normally does not require any downpayment but you will still have closing costs and prepaid expenses.

PS. If you've ever been activated in the Reserves you are likely eligible for a VA loan, if not it is based on how long you have served.

To qualify for VA we would have to see what your eligibility is, also would need to see if the condo is approved. If not there are 3% down payment options available.for more info e-mail me at pete.bass@everbank.com

Hi Aboutfascia, Thank you for your service in the reserves. In order to be eligible for a VA mortgage you need to have served for 90 days or more on active duty during a wartime period or have 6 years of service in the selected reserve. The condo also has to be approved for a VA mortgage so you may want to look at town-homes or single family homes as well. As far as what loan you can afford goes, it would appear that you can afford VA, FHA or conventional financing but it depends on things like property taxes and HOA dues because they affect your debt to income ratios. Your income and credit are great so you really shouldn't have any problems qualifying. The best thing to do is apply for a mortgage and fine out exactly where your stand. Please feel free to contact me for more information or help. John Burke | Senior Mortgage | Great Plains National Bank | http://www.valoansdoneright.com | (877)228-9069 | Lending in ALL 50 states |

Review the direct VA Link that I am providing so you can see if you qualify with your time in the Reserves. Also, getting an actual figure on what you can qualify for should be done directly through a mortgage professional, so I'd suggest you find someone you can Trust and make a full application to get the process started. Good Luck. http://benefits.va.gov/homeloans/purchaseco_eligibility.asp