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New Contributor
skyisdalimit
Posts: 53
Registered: ‎04-11-2009

How much can i get approved for?

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!:smileyhappy:
Frequent Contributor
teacherhere
Posts: 276
Registered: ‎07-22-2008

Re: How much can i get approved for?

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.
Regular Contributor
RABQUE
Posts: 126
Registered: ‎03-13-2007

Re: How much can i get approved for?

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

 

 

Try this link...It was helpful for me

New Contributor
skyisdalimit
Posts: 53
Registered: ‎04-11-2009

Re: How much can i get approved for?

Thank you for all your help and insight!:smileyhappy:

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