|
# V --w
<br />Listed below arie somei examples of past cli entis and their abillity' to quallf y
<br />fior a, FHA moirtgage and, in�eet thel first time home buyer guidelines,
<br />1.1 The husband, is a computer riepa,ir persion, and his wife does day
<br />I,
<br />care at home, 'nicy have 2, children,, 4 y,rs. and 8 mosgi The total
<br />9 0
<br />income is $33,0001. with deliblit of' $30,00 a month on a Visa cairid,
<br />They qualify to buy a, home, of $83.,000.
<br />2-0, The husband attends the University and, works there, part-time.
<br />I . lis wife 'is a RN and they have 2 young children,. The tota,l income
<br />is $32,9001. with, ai student loan debit, of $415.i a mointh.
<br />I
<br />They qualify to bully, a, home at $ (91100011110
<br />3. 1"he wifel works pcart-time evenings and weekends at T. I. Penny's
<br />tier husband -is a machinist., They have twins rs. old. III
<br />otl.
<br />inconio, is $33,800l., They play $251., Ira month on I Wicks furniture
<br />cliarge.
<br />"I"hey quaiiify to buy, a, tiome at $'8817100.
<br />441 "t"he wife doe6 noll work outside, oif the home. Ifer husband manages
<br />a meat, proce.ssing, plant. They have 4 children. Total income is
<br />$35,01001., and they curr+ ntly ha,ve, no debt on monthly i,nst,all,-
<br />me n ts.,
<br />They (Judlify Lo buy, a, ho olver $11010,0i 00.1
<br />M V
<br />IC11 ;J Lif-iii' Lime 1110111e, buyer quicilifies for a mor,t,gage, many fact-
<br />their quaLi fin g, b
<br />a i. ility, for exatnpIL1, income,, debt,
<br />0iiiii;oIlle debts Count, soi veir,time, plast future raises
<br />looked tit it1(1[v-L(ttjajJLy.
<br />® F"JI.Aw, 'io yr. Fj-xedi rt-itLi loan, a buyer will need, approx-
<br />iulat-ety $31,1(l)(J. [.() $51000,111 for minii,mum down and cloising cost,.
<br />( L 1i i i-ill moij te Y C;
<br />,It 1100 bv borrow( uI 9 bit L ma, yi be- a g i f. t: and w,ii I
<br />va,ry depending Llie, Of Llie hoi-ne,
<br />
|