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Updated about 4 years ago,
Obtaining a mortgage with a small income
What are some mortgage loans that I could potentially qualify for with a small income? So i have an awesome lender helping me out but I was told I could only potentially get approved for mid $200,000! My income of $3000 is stopping me from getting a loan for more. I have a credit score of 718. And because LA market is so high is there any loans out there that could help me get a potential mortgage that’s in the $400,000?
I will have roommates but only I and possible 1 friend will be on the loan together. If that could help to qualify for more. Thank you!