Tools

Ask a Question
Start a Discussion
Close
Create an Email Alert

Alerts are a great way for you to stay up-to-date on things you care about. We will email you a list of the new items that match your criteria at a time of your choosing.

This alert is for the following:

Topic:
i make $50000 a year and have a 290 car/150 studt ...

How often would you like the alert emailed?

Frequency:

Immediately Daily Weekly
Maximum 20 emails/day

Save

Cancel E-mail alerts
RSS
Send to del.icio.us
Send to StumbleUpon
Print page

Partner Tools

Views: 478
US
California
Nearby States
- Alabama
- Alaska
- American Samoa
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Guam
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Northern Mariana Islands
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virgin Islands
- Virginia
- Washington
- Washington D.C.
- West Virginia
- Wisconsin
- Wyoming
Don't see it?

Find:
Riverside
Nearby Cities
- Banning
- Beaumont
- Bermuda Dunes
- Blythe
- Calimesa
- Canyon Lake
- Cathedral City
- Cherry Valley
- Coachella
- Corona
- Desert Hot Springs
- East Hemet
- El Cerrito
- Glen Avon
- Hemet
- Highgrove
- Home Gardens
- Homeland
- Indian Wells
- Indio
- La Quinta
- Lake Elsinore
- Lakeland Village
- Mecca
- Menifee
- Mira Loma
- Moreno Valley
- Murrieta
- Norco
- Nuevo
- Palm Desert
- Palm Springs
- Pedley
- Perris
- Rancho Mirage
- Ripley
- Romoland
- Rubidoux
- San Jacinto
- Sedco Hills
- Sky Valley
- Sun City
- Sunnyslope
- Temecula
- Thermal
- Thousand Palms
- Valle Vista
- Wildomar
- Woodcrest
Don't see it?

Find:
Neighborhood
Nearby Neighborhoods
Don't see it?

Find:

i make $50000 a year and have a 290 car/150 studt loan fico is 765 how much will i get apprvd for?

Contributions: 4

Q&A

:4

View full profile

in california

Flag content

May 29 - Riverside

RSS

Answers (11)

White Picture
Contributions: 1896

White Picture

Contributions: 1896

Q&A

:892
Disc

:971
Photos

:33

Zillow All-Star

Since March 2009

View full profile

Usually the lender lat you take 1/3 of your income to pay for the mortgage
Monthly mortgage payment is $1,389 at 5.5% today interest rate with 30 years term, you can apply for the mortgage $244,615. The home price you can buy is $244,615 + Downpayment.
Go to Mortgage section under "instant quote" request a loan amount $240,000 or go to the banks or mortgage office near by and request a loan.

Flag content

May 31

dgolfpro84
Contributions: 4

dgolfpro84

Contributions: 4

Q&A

:4

View full profile

and what if i paid off my 300 car payment which left me with just a 150 student loan making 50k per year

Flag content

May 31

dgolfpro84
Contributions: 4

dgolfpro84

Contributions: 4

Q&A

:4

View full profile

Well the issue is my lady cosigned for her parents therefore shes out and probably cant be on the loan....combined we make 90k and those are our only bills so i dont think i would be trying to stretch myself out i just want to know how much i will get approved for by myself max.

thanks

Flag content

May 31

SoCal BubbleBrain
Contributions: 5292

SoCal BubbleBrain

Contributions: 5292

Q&A

:353
Disc

:4561
Photos

:378

View full profile

OK truce. Peace and hair grease.

Flag content

May 31

Tap012
Contributions: 220

Tap012

Contributions: 220

Q&A

:106
Disc

:114

View full profile

Socal why don't you just chill. Do you have anything better to do then respond to every thread I respond in and harass me.

Flag content

May 31

White Picture
Contributions: 1896

White Picture

Contributions: 1896

Q&A

:892
Disc

:971
Photos

:33

Zillow All-Star

Since March 2009

View full profile

If you take 1/4 of your income to pay for the mortgage.
Monthly mortgage payment is $1,041 at 5.5% today interest rate with 30 years term, you can apply for the mortgage $183,342.
The home price you can buy is $183,342 + Downpayment.

Flag content

May 31

nvchaz
Contributions: 1617

nvchaz

Contributions: 1617

Q&A

:729
Disc

:821
Photos

:67

View full profile

NTITS:

Where can you get an option arm? Are you nuts?

Otherwise what you say is true. Buy less house than you are qualified for, as I did. I qualified at $175K at 31% but I'm buying $139.5K which makes me more comfortable.

You should make your life as stress free as possible. People overbuying is what caused this mess in the first place.

Flag content

May 31

NTETS, "Caveat Emptor"
Contributions: 5604

NTETS, "Caveat Emptor"

Contributions: 5604

Q&A

:2082
Disc

:3457
Photos

:65

Zillow All-Star

Since January 2009

View full profile

the best answer is: "it doesnt matter" see people who purchase the maximum they are approved for end up 1) house poor( servicing their loan debt to the detriment of family life) and 2) highly stressed out because of that financial burden. no matter what you are "approved for" you should be looking for a home in the <125k range... sometimes its nice to be able to go out to dinner or buy furniture for your house.

if you end up rangled with a 175k option arm on a house that is losing value every single day, i can pretty much guarentee that you wont be a happy camper come next year

Flag content

May 31

SoCal BubbleBrain
Contributions: 5292

SoCal BubbleBrain

Contributions: 5292

Q&A

:353
Disc

:4561
Photos

:378

View full profile

[off-topic post, removed by moderator]

Flag content

May 30

Tap012
Contributions: 220

Tap012

Contributions: 220

Q&A

:106
Disc

:114

View full profile

I'd say with a 3.5% down payment, max probably 175,000K. However, Riverside, CA is dirt cheap right now with nice houses going for 150,000K so you should be fine.

Flag content

May 30

LydiaKray
Contributions: 61

LydiaKray

Real Estate Agent

View my 1 listings

Contributions: 61

Q&A

:45
Disc

:8
Photos

:8

View full profile

Hi dgolfpro84,That is a perfect question for an honest and reputable lender. I can refer you to a few. Also please keep in mind you want to get prequalifying figures by a lender that is a direct lender which means they work for the bank not just a mortgage broker who shops it around. In order to get offers accepted these days, they want to see an offer that is from a direct lender.
Please let me know if I could further assist you with the process.

Flag content

May 30

Have a question? Ask it here.

Active Riverside Real Estate Agents

Joyce Wantz-silva

45 listings

Local Expert
Brent Lee

8 listings

Local Expert
jerryacook_1

5 listings

Local Expert
SONDRA ROSE

3 listings

Local Expert
Max R. Zelaya

14 listings

Local Expert

See more Riverside real estate agents

Question Has the market in Corona/Riverside slowed down a little? I see very few buyers if any at open houses

Latest answer by Vicki Pedersen
October 11

In Home Buying
4 Answers - 193 Views

Question rational offer price

Latest answer by JOELIE QUEZADA AND SUE PICCOLINI
October 08

In Buying Process
9 Answers - 560 Views

Question How long after a foreclosure and bankrupty untill you can buy again?

Latest answer by klarek the realist
September 29

In Home Buying
7 Answers - 406 Views

Question 8392 Raintree Ave. Riverside Ca. 92504 selling price???

Latest answer by Robert and Yoko Walker
September 27

In Home Buying
3 Answers - 203 Views

Question Is multiple contract possible?

Latest answer by Nan Delter
August 27

In Buying Process
10 Answers - 307 Views

See More

Guide Real Estate Buyer's Closing Costs

In Buying Process
Edited August 27

Guide List of Closing Costs and Fees

In Buying Process
Edited August 27

Guide About First-Time Home Buyer Tax Credit

In Home Buying
Edited July 22

Guide You've Opened Escrow

In Buying Process
Edited July 21

Guide Picking the Best Comps

In Using Zillow to buy
Edited May 04

See more articles about Home Buying

Current Mortgage Rates

Current Last Week

30 Year Fixed

15 Year Fixed

5/1 ARM

Get this widget

<div style="width:298px;height:123px;border:1px solid #adcfff;overflow:hidden;text-align:center;font-family:verdana,arial,sans-serif;font-size:8pt;line-height:13x;background-color:#eff3ff;letter-spacing:0;text-transform:none;">
		<div style="margin: 0 6px;">
			<div style="margin-top:6px;">
				<a href="http://www.zillow.com/Mortgage_Rates/#{scid=mor-wid-lthd}" target="_blank" style="font-size:9pt;color:#36b;text-decoration:none;font-weight:bold;">
				   
						Current
				   
				         
				   Mortgage Rates</a>
			</div>   
			
			<div style="color:#555;margin:5px 0 1px;">
				<span style="padding-left:137px;">Current</span>
				<span style="padding-left:23px;">Last Week</span>
			</div>

<div style="background:#fff;height:60px;width:284px;border:1px solid #adcfff;text-align:left;">
				<div style="width:146px;float:left;">
					<div style="height:20px;background-color:#fff;">
						<div style="padding:3px 0 0 4px;"><a href="http://www.zillow.com/30_Year_Fixed_Mortgage_Rates/#{scid=mor-wid-ltt1}" target="_blank" style="text-decoration:underline;color:#36b;">30 Year Fixed</a></div>
					</div>
					<div style="height:20px;background-color:#eff7ff;">
						<div style="padding:3px 0 0 4px;"><a href="http://www.zillow.com/15_Year_Fixed_Mortgage_Rates/#{scid=mor-wid-ltt2}" target="_blank" style="text-decoration:underline;color:#36b;">15 Year Fixed</a></div>
					</div>
					<div style="height:20px;background-color:#fff;">
						<div style="padding:3px 0 0 4px;"><a href="http://www.zillow.com/5-1_ARM_Mortgage_Rates/#{scid=mor-wid-ltt3}" target="_blank" style="text-decoration:underline;color:#36b;">5/1 ARM</a></div>
					</div>
				</div>
					
				<iframe title="Current Mortgage Rates" frameborder="0" height="60" scrolling="no" width="138" src="/mortgage/MortgageRateTableWidget.htm?wide=1&region=102001">
						Your browser doesn't support frames.  Visit 
					<a href="http://www.zillow.com/mortgage/" target="_blank" style="text-decoration:none; font-size:9pt; font-weight:bold;">Zillow Mortgage Marketplace</a> 
					to see this content.
				</iframe>
				<div style="clear:both;"></div>
			</div>
			
			<div style="margin:4px 6px 0;height:15px;width:276px;">
				<a href="http://www.zillow.com/mortgage/#{scid=mor-wid-ltgr}" target="_blank" title="Zillow Mortgage Marketplace" style="display:block;margin-left:4px;height:15px;width:145px;float:left;"><img src="/static/images/zillow-mortgage-logo-small.gif" alt="Mortgages, Home Loans, and Mortgage Quotes at Zillow Mortgage Marketplace" style="border:none;"/></a>
				   
				<a href="http://www.zillow.com/webtools/widgets/MortgageRateWidget.htm#{scid=mor-wid-ltget}" target="_blank" style="font-size:7pt;color:gray;text-decoration:none;float:right;margin:1px 5px 0 0;width:80px;">Get this widget</a>
			</div>
		</div>
	</div>

Need a Mortgage?

Zillow Mortgage Marketplace

Competitive rates
Accurate, custom quotes
Thousands of lenders

... and, it's free and anonymous

Learn about Zillow Mortgage Marketplace

Zillow Poll:

Suggested by RE_Obsessed

How long have you lived in your current home?

Less than one year

1 - 5 years

5 - 10 years

More than 10 years

Next poll
Suggest a poll

Be A Good Neighbor

Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy

Tools

Create an Email Alert

This alert is for the following:

How often would you like the alert emailed?

Partner Tools

Nearby States

Nearby Cities

Nearby Neighborhoods

i make $50000 a year and have a 290 car/150 studt loan fico is 765 how much will i get apprvd for?

Contributions: 4

Main Image

Answers (11)

Contributions: 1896

Zillow All-Star

Contributions: 4

Contributions: 4

Contributions: 5292

Contributions: 220

Contributions: 1896

Zillow All-Star

Contributions: 1617

Contributions: 5604

Zillow All-Star

Contributions: 5292

Contributions: 220

Real Estate Agent

Contributions: 61

Have a question? Ask it here.

Active Riverside Real Estate Agents

Related Questions

Question Has the market in Corona/Riverside slowed down a little? I see very few buyers if any at open houses

Question rational offer price

Question How long after a foreclosure and bankrupty untill you can buy again?

Question 8392 Raintree Ave. Riverside Ca. 92504 selling price???

Question Is multiple contract possible?

Related Articles about Home Buying

Guide Real Estate Buyer's Closing Costs

Guide List of Closing Costs and Fees

Guide About First-Time Home Buyer Tax Credit

Guide You've Opened Escrow

Guide Picking the Best Comps

Need a Mortgage?

Get instant mortgage quotes

Be A Good Neighbor