SoCal Homes Real Estate
Qualify for a $125,000 Home
Are you thinking about Buying a $125,000 Southern California Home?
INCOME NEEDED TO QUALIFY for $125,000 home
Calculator Results:
W-2 income of $3,143 to $3,771 Monthly Income Needed
* Property Value $125,000.00
* Down Payment $4,375.00
* Loan Amount $120,625.00
* Based on Interest Rate of 5.500%
* Closing Costs are approximately $3,750 - $10,000 in addition
to the
down payment.
*Credit score minimum 640.
* Monthly Payment
* Principal & Interest $684.90
* Monthly Taxes $250.00
* Monthly Hazard Insurance $100.00
* Monthly Mortgage Insurance $96.50
* Total Mortgage Payment $1,131.40
* Based on an Annual Percentage Rate of 5.100%
Minimum required money in the bank for a 60 day period,
not less
than $10,000.
W-2 Income Needed $3,143 to $3,771
Allowable Debt Payments $226.28
This is an average and not a quote.
So Cal Homes Realty is not a lender.
The data above is provided for information only.
Check Local Mortgage Rates with an approved direct lender such as these:Local Lenders. Be careful,
most lenders
fail to allow for "closing costs".
Qualify For A Southern California Home
Closing Costs!!!!!
Closing costs on average are around
3% - 8% of the purchase price in addition to the down payment!
Determine the area in which you want to live and do a home search.
E-mail address list of houses you wish to see, along with your
contact information.
See homes with Harold. Select the home you would like to buy.
Use Home Search Page to establish reasonable price, based on comps.
Make an offer to purchase the home you want to buy!
Buyers, seeing houses for sale, is an e-mail away.
E-mail or call if you have Real Estate questions.
If you are serious about buying a home, find out how much home you
can afford
with
this easy to use mortgage calculator.
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CALIFORNIA DEPARTMENT OF REAL ESTATE LICENSE 01312992 |