Rough estimate on "Amount" of house
I can afford, based on the current 2013 tax information that I currently have. These are mainly rough estimate numbers, but they're close..... Credit score = 680 - 700
My 2012 and 2013 taxes show a total of $35,000
My montlhy debts, total $200
And I'm looking at going with a VA loan as my first choice and a FHA as my second choice, so my max Debt to Income will be 50 I believe.
From these numbers, I'm guessing I can afford a $450 - $475 house note ( tops ). That seem fairly accurate?
If I go VA, I know I can avoid paying PMI, which would save me $35 - $50 a month
And If I end up going FHA loan, I'm looking at going with TN's downpayment assistance program.
Thanks much for any and all comments and opinions. I really appreciate it