Lender/Qualification question please.....
I haven't gotten a exact answer so far, but was told that I need to have a paper trail of 2 months time, showing that I have saved in my bank account ( 6 months worth of house payments )
So, since I have 1 and half months still to go, before I hit the 2 month mark ( as I've been putting money into an account ), I still haven't gotten an exact answer , as to how much house I will be able to qualify for, and in turn, what that amount of house will equate to, in terms of my monthly House payment ( PITI )
So here is my current financial status/stats, can someone please give me an estimate of what I'm likely to qualify for ( $100,000 , $90,000 , $80,000 , $70,000 ) ?
I have a 690 credit score, my taxes for last 2 years, show me making $1350 per month, my monthly debts total $200 ( used for DTI / Residual ) , an I hope to have close to $6,000 saved in an account, in the next few months ( for the 6 months of house payments, down payment...likely go FHA and for Earnest money and appraisal )
Thank you so much for everyone's help