Income Needed to Purchase $256k house?
Date: Fri, 02/12/2010 - 02:49
I'm self-employed, and my 2008 income was $119k, while 2009 income was $116k (AGI for both). Both years taxes have been filed with the IRS. Do I make enough to purchase a home for $265k via FHA with 3.5% down? Only debt is student loan ($946/mo.) and 2 little credit cards (balance is about $35 with $500 limit for both). No dependents, single. Thanks!
Quote:Originally Posted by Fair AbigailI'm self-employed, and my
Quote:
Originally Posted by Fair Abigail I'm self-employed, and my 2008 income was $119k, while 2009 income was $116k (AGI for both). Both years taxes have been filed with the IRS. Do I make enough to purchase a home for $265k via FHA with 3.5% down? Only debt is student loan ($946/mo.) and 2 little credit cards (balance is about $35 with $500 limit for both). No dependents, single. Thanks! |
There are plenty of mortgage calculators available online. You can search in Google to find one.
