A down payment assistance (DPA) program has hit the market and it offers the widest eligibility criteria of just about any DPA program out there. It’s called DPA Advantage and it gives a 3.5% down payment grant for eligible homebuyers. Saving up for a down payment is now optional. Check your DPA Advantage Program eligibility. …
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If I Make $80,000 A Year What Mortgage Can I Afford? You can afford a home price up to $335,000 with a mortgage of $328,932. This assumes a 3.5% down FHA loan at 7%, a base loan amount of $323,275, financed upfront mortgage insurance premium of 1.75%, low debts, good credit, and a total debt-to-income …
If I Make $80,000 A Year What Mortgage Can I Afford? Read More »
If I Make $75,000 A Year What Mortgage Can I Afford? You can afford a home price up to $310,000 with a mortgage of $304,385. This assumes a 3.5% down FHA loan at 7%, a base loan amount of $299,150, financed upfront mortgage insurance premium of 1.75%, low debts, good credit, and a total debt-to-income …
If I Make $75,000 A Year What Mortgage Can I Afford? Read More »
If I Make $70,000 A Year What Mortgage Can I Afford? You can afford a home price up to $285,000 with a mortgage of $279,838. This assumes a 3.5% down FHA loan at 7%, a base loan amount of $275,025 plus the FHA upfront mortgage insurance premium of 1.75%, low debts, good credit, and a …
If I Make $70,000 A Year What Mortgage Can I Afford? Read More »
If you’ve ever looked into down payment assistance (DPA) programs, you may have been frustrated about the stringent requirements to qualify. Some require very low income, while others only work in very specific geographic locations. The new EPM Empowered DPA program, though, is available to most home buyers nationwide, thanks to its wide acceptance criteria. …
Empowered DPA Program: 3.5% Down Payment Assistance Grant Read More »
If I Make $65,000 A Year What Mortgage Can I Afford? You can afford a home up to $265,000 with a mortgage of $260,200. This assumes a 3.5% down FHA loan at 7%, a base loan amount of $255,725 plus the FHA upfront mortgage insurance premium of 1.75%, low debts, good credit, and a total …
If I Make $65,000 A Year What Mortgage Can I Afford? Read More »
If I Make $60,000 A Year What Mortgage Can I Afford? You can afford a home up to $245,000 with a mortgage of $240,562. This assumes an FHA loan at 3.5% down, a base loan amount of $236,425 plus the FHA upfront mortgage insurance premium of 1.75%, low debts, good credit, a rate of 7%, …
If I Make $60,000 A Year What Mortgage Can I Afford? Read More »
If I Make $55,000 A Year What Mortgage Can I Afford? You can afford a home up to $220,000 with a mortgage of $216,015. This assumes an FHA loan at 3.5% down, a base loan amount of $212,300 plus the FHA upfront mortgage insurance premium of 1.75%, low debts, good credit, a rate of 7%, …
If I Make $55,000 A Year What Mortgage Can I Afford? Read More »
If I Make $85,000 A Year What Mortgage Can I Afford? You can afford a home up to $355,000 with a mortgage of $348,570. This assumes an FHA loan at 3.5% down, a base loan amount of $342,575 plus 1.75% FHA upfront mortgage insurance premium, low debts, good credit, and a rate of 7%, and …
If I Make $85,000 A Year What Mortgage Can I Afford? Read More »
If I Make $130,000 A Year What Mortgage Can I Afford? You can afford a $515,000 home with a mortgage of $489,250. This assumes a 5% down conventional loan, low debts, good credit, a 7% rate, and a total debt-to-income ratio of 45%. Many factors, like property taxes, homeowner’s insurance, HOA dues, credit score, can …
If I Make $130,000 A Year What Mortgage Can I Afford? Read More »
