Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Mortgage
Profile Image

Question By
071611

0 Contributions
0 People Helped
if i am making 15.00/hr can i be pre approved for 200k home
i have a 634 and what would be my payment

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
1771 Contributions
3024 People Helped

so you make about 31000 a year gross,   so you take home about 22000 or 23000 ( guessing )  Never include the overtime.

you are looking at buying a 200K house (  you must have BIG eyes ) that would run you about 1013 a month then add the Taxes to that also.  Check out  bankrate ( dot ) com  also was not sure  if you had a down payment or not.

So you home payment would be about 60% of your take home pay. 

You never want to have a hose payment that is more the 25% of your income.

So you have 2 options,

1) Increase your pay in a big way.

or 

2) look for something under 100K closer to 80K

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.