I just got a car loan could I get a fha loan too?

[Matt White]

Ok so I just bought a car for 22k and I make 30 k a year I found a deal for 58k could I get approved for a mortage by myself or would I need a cosigner?

[Jake Thomas]

@Matt White to answer your question you need to check with a lender and they will look at your DTI like @Account Closed pointed out. Your income is pretty low for the car debt you just took on. 

My advice, even though you didn't ask for it (since you are on a Real Estate investing forum) is to sell the car and hope you don't lose money but even if you lose a little still sell it. Buy a $3,000 beater and drive that around and focus on buying a house or two to get started. Ask any of the guys that have been doing this for a while, you can't buy and fund house purchases with tons of consumer debt hanging over your head.  Cars are the worst investment ever! Let me repeat, worse investment ever.