Commercial Mortgage Qualification

[Carole Murry]

I can’t reach my mortgage agent due to the holiday weekend. 

I’ve been in negotiations to purchase a commercial property with a reluctant seller for some time now. He’s finally agreed on a sale price which is $25k higher than I discussed with my lender.

I would like to sign a purchase agreement while this mercurial seller is willing. 

Can anyone tell me a rough range for an income qualification on a $325k loan? The purchase price is $475 with $150k down. 

I don’t want to agree on a sale price if I won’t qualify for the mortgage.