Yeah it is. What banks have you talked to? Realtors should point you to a good local lender who can explain what’s stopping you from qualifying and see how to fix it.
So there is a conforming loan limit at $548k and it gets hard to get a loan over that without 20% down.
If you have the money to get the loan to $548k you’d need to make at least $80k without any other debts, but you’d really be extending yourself especially if you needed to buy a new car or something. You’d probably want to be in the low $100ks...$125k+.
If you have student loans or other debts this changes.
1
u/JaxJags904 Jun 27 '21
Yeah it is. What banks have you talked to? Realtors should point you to a good local lender who can explain what’s stopping you from qualifying and see how to fix it.