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Updated almost 8 years ago on . Most recent reply

Martin Ceja's profile image
Martin Ceja's profile image
Martin Ceja
  • Real Estate Professional
  • from Montclair, California
  • Member since Feb 19, 2017
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User Stats

16
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3
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Martin Ceja's profile image
Martin Ceja's profile image
Martin Ceja
  • Real Estate Professional
  • from Montclair, California
  • Member since Feb 19, 2017
Connect
Martin Ceja
  • Real Estate Professional
  • Montclair, CA
3
Votes |
16
Posts
Buying & Selling Real Estate

Income needed to get a $600k mortgage?

Martin Ceja
  • Real Estate Professional
  • Montclair, CA
Posted

I'm looking to start investing in real estate soon and have been doing research on multi-family (fourplex) properties in my area. The average price seems to be $590-685k around here. I'm wondering what my income would have to be in order to get approved for a $600k mortgage? Is an FHA loan possible with this amount? All advice welcome, thanks!

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