Posted on: 16th Jan, 2014 01:15 am
I need to know as to whether or not any particular income is required to purchase a $430 home?
Hi Guest,
Yes, there are income requirements for purchasing a home. You should note that your debt to income ratio should not exceed 43% of your gross monthly income.
Take care
Yes, there are income requirements for purchasing a home. You should note that your debt to income ratio should not exceed 43% of your gross monthly income.
Take care
No income is require to purchase any home - however income is a requirement if you want to finance - You must be able to show how you will afford to make payments. Give us more detail - not sure about any $430 homes?
Brian Barnes
ENG Lending
Nationwide Lender -
Brian Barnes
ENG Lending
Nationwide Lender -
I guess it will be a $430k home, Brian...