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Purchase Loans
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Are You Ready To Buy?

 

Tired of renting and throwing money awy or having nosiy neighbors?  If you rent the home you live in, the right planning could enable you to buy a home using the VA home loan program. Learn how much income and expense you can have, by reading through the following valuable info:

To discover your homebuying potential, calculate your:

  • Income,
  • Savings,
  • Monthly expenses, and
  • Debt.

 

These factors determine how big a VA loan you can afford and how buying a home will affect your monthly budget.

 

Generally speaking you do not want your housing payment to exceed 31% for your gross monthly income.  Furthermore, you overall debt should not exceed 43% of your gross monthly income.

 

Your VA Lender can help you with the calculations.

 

 

 
 
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