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Annual Gross Income: 38563.20
Monthly Debts:
Student Loans - 108.64
Walmart Card - min $25 & balance 400 on 1100 cl limit (I usually pay $50-75/mon)
No car loans, other CC has a zero balance (500 limit)
Scores in signature
Looking at FHA - I qualify for a local downpayment assistance program and will get between 5000-10K.
I'd like to keep my payment between 900-950 if possible.
For that total monthly payment you'd probably looking at about $125k sales price, but your debt ratio could qualify for higer than that ($175k-180k).
Thanks! Question, the income I provided is from my full-time position (on the job for 3 years). I have a part-time position but I've been working it for 3 months. Would this income need to be disclosed in the app process?
If you don't need it to qualify then you don't need to disclose it. However you do need to disclose that you are employed by them, as the underwriter will probably question your bank statement deposits from the income from that employment. Copies of the paytubs matching up to the deposited amount would satisfy their curiousity.