How much can i get approved for?

[Anonymous]

Hello everyone! quick question...i gross $2800 a month my only debts are 2 cc with min payments of $40 dollars a month...how much of a loan would FHA approve me for and whats the MAXIMUM monthly payment on the loan that FHA would think i can handle? thank you again for ur insight and have a blessed day!

[Anonymous]

I calculate it to be about 875 a month and that would include principal, interest, taxes, insurance and PMI. What kind of a mortgage that would get you would depend on the tax rate in your area.

[RABQUE]

http://cgi.money.cnn.com/tools/houseafford/houseafford.html

Try this link...It was helpful for me

[Anonymous]

Thank you for all your help and insight!