Home Purchase chesina vallu randi

[TechSri]

Pre qualified kavalante ela calculate chestaru first time home buyer ki. Meeru spouse ni kooda add chesara loan application process and owner ship lo. 
 

350k loan ki salary minimum entha undali first time home buyer ayithe

[Anta Assamey]

9 minutes ago, TechSri said:

Pre qualified kavalante ela calculate chestaru first time home buyer ki. Meeru spouse ni kooda add chesara loan application process and owner ship lo. 
 

350k loan ki salary minimum entha undali first time home buyer ayithe

350K loan annavu kabatti… salary somewhere around 80 to 90k ani thinking…

Rest experts will answer 

[LadiesTailor]

11 minutes ago, TechSri said:

Pre qualified kavalante ela calculate chestaru first time home buyer ki. Meeru spouse ni kooda add chesara loan application process and owner ship lo. 
 

350k loan ki salary minimum entha undali first time home buyer ayithe

Your credit score 

Nee credit balance 

savings 

Salary 

tax returns anni choosi istadu 

oka 70k savings vundi 100k job ayuthe no looking back 

[csrcsr]

10 minutes ago, TechSri said:

Pre qualified kavalante ela calculate chestaru first time home buyer ki. Meeru spouse ni kooda add chesara loan application process and owner ship lo. 
 

350k loan ki salary minimum entha undali first time home buyer ayithe

Evado okadu credit pull chesthe niku cheptharu there will be on hard enquiry but it will give u rough snapshot of Debt ro income ratio, your assets and home you can afford , your historical late payments etc etc emian unte u can use many smart calculators outhetr

https://www.wellsfargo.com/goals-credit/smarter-credit/credit-101/debt-to-income-ratio/

If you want to know monthly payment zillow mortgage calculator ani untadi

[TechSri]

Both wife and hubby name meeda loan and ownership theesukunnara meeru?

[praying]

1 hour ago, TechSri said:

Pre qualified kavalante ela calculate chestaru first time home buyer ki. Meeru spouse ni kooda add chesara loan application process and owner ship lo. 
 

350k loan ki salary minimum entha undali first time home buyer ayithe

 

1 hour ago, Anta Assamey said:

350K loan annavu kabatti… salary somewhere around 80 to 90k ani thinking…

Rest experts will answer 

 

5 minutes ago, TechSri said:

Both wife and hubby name meeda loan and ownership theesukunnara meeru?

 

1 hour ago, csrcsr said:

Evado okadu credit pull chesthe niku cheptharu there will be on hard enquiry but it will give u rough snapshot of Debt ro income ratio, your assets and home you can afford , your historical late payments etc etc emian unte u can use many smart calculators outhetr

https://www.wellsfargo.com/goals-credit/smarter-credit/credit-101/debt-to-income-ratio/

If you want to know monthly payment zillow mortgage calculator ani untadi

 

1 hour ago, LadiesTailor said:

Your credit score 

Nee credit balance 

savings 

Salary 

tax returns anni choosi istadu 

oka 70k savings vundi 100k job ayuthe no looking back 

Guys, planning to buy a condo, do i need to go oa mortgage broker? Or do you guys have any banks that i can work directly? Please help kind of urgent

[sarvayogi]

2 hours ago, TechSri said:

Pre qualified kavalante ela calculate chestaru first time home buyer ki. Meeru spouse ni kooda add chesara loan application process and owner ship lo. 
 

350k loan ki salary minimum entha undali first time home buyer ayithe

ippudu nuvvu karre ga unnavu anuko neeku white pellam wife gaa raadu kada..karre aame vastundi

so 80-90k salary anuko 600k loan M bhi raadu..350 ala ravacchu

120 ala aite might be 450-500 ala

150 plus aite inka 600 plus

malla jumbo loans ani untai but only in few states..

first add only yours and see if you quality..then if needed add spouse

I put primary and 1 rental on my name..2 rental on spouse name

 

[csrcsr]

38 minutes ago, praying said:

 

 

 

 

Guys, planning to buy a condo, do i need to go oa mortgage broker? Or do you guys have any banks that i can work directly? Please help kind of urgent

if you know any bank, credit union etc  that gives good rates approach them

Brokers have contacts with different financial institutions but what I heard because they sell their loan later some times rules are little stringent compared to individual financial institutions it depends (every one goes through fannimae, fredditmac)

Oka sari if you have time try Axos bank , or any small credit unions lekapothe rocket mortgage lanai olu kuda well conned cted with brokers

Also rate of interest kind of depends on many factors not sure you are buying for primary investment etc etc, arm vs fixed etc etc 

if its new condo from builder some builders are offering rate buy down, or 2-1 buy down etc adi kuda chsuko Anna good , you have to shop around for loans edi take dorikithe ade

 

[HEROO]

43 minutes ago, praying said:

 

 

 

 

Guys, planning to buy a condo, do i need to go oa mortgage broker? Or do you guys have any banks that i can work directly? Please help kind of urgent

First decide home no need to pre qualify 

once you decide to buy submit for application with builders now a days within minutes lo approval osthay… no need to include your wife unless she works or outside banks if any low apr usually builders will match outside price so you can avoid unnecessary hard enquiries .. credit history 700+ vunte chalu credit to devit ratio chustharu 90k salary is enough for 450k loan

[praying]

6 minutes ago, HEROO said:

First decide home no need to pre qualify 

once you decide to buy submit for application with builders now a days within minutes lo approval osthay… no need to include your wife unless she works or outside banks if any low apr usually builders will match outside price so you can avoid unnecessary hard enquiries .. credit history 700+ vunte chalu credit to devit ratio chustharu 90k salary is enough for 450k loan

Uncle home confirmed buying it from a friend directly so need help urgently, first time buyer here so some questions might strike as dumb

[praying]

10 minutes ago, csrcsr said:

if you know any bank, credit union etc  that gives good rates approach them

Brokers have contacts with different financial institutions but what I heard because they sell their loan later some times rules are little stringent compared to individual financial institutions it depends (every one goes through fannimae, fredditmac)

Oka sari if you have time try Axos bank , or any small credit unions lekapothe rocket mortgage lanai olu kuda well conned cted with brokers

Also rate of interest kind of depends on many factors not sure you are buying for primary investment etc etc, arm vs fixed etc etc 

if its new condo from builder some builders are offering rate buy down, or 2-1 buy down etc adi kuda chsuko Anna good , you have to shop around for loans edi take dorikithe ade

 

Uncle its a condo but old one, trying to buy from a frnd who is moving and i am a first time buyer so wanted to check uncle , thanks for the info

[phatposts]

350K - first time buyer - worst case assumption 5% down anuko : loan is 332.5K

Assuming you don't have long standing debts (Credit cards, personal loans, auto etc.) : $125K gross annual household income undali. 

General rule is - banks look for 25% of your gross income to be an affordable measure for mortgage payments. Ala aithe your income should be in the 120K range. 

Loans unte those will be added to your debts and your income reqs may go higher aka loan eligible amount may go lower. 

Whom to register the house on : It is a choice and there is no right or wrong answer. Loan okalla peru meeda teesukuni, deed lo both names pettadam common. Adi rule emi kaadu. Talk to your partner, bank and make a decision. This is not something you have to focus much on.

 

Good luck!

[praying]

3 minutes ago, phatposts said:

350K - first time buyer - worst case assumption 5% down anuko : loan is 332.5K

Assuming you don't have long standing debts (Credit cards, personal loans, auto etc.) : $125K gross annual household income undali. 

General rule is - banks look for 25% of your gross income to be an affordable measure for mortgage payments. Ala aithe your income should be in the 120K range. 

Loans unte those will be added to your debts and your income reqs may go higher aka loan eligible amount may go lower. 

Whom to register the house on : It is a choice and there is no right or wrong answer. Loan okalla peru meeda teesukuni, deed lo both names pettadam common. Adi rule emi kaadu. Talk to your partner, bank and make a decision. This is not something you have to focus much on.

 

Good luck!

Uncle do you recommend any mortgage broker to work with  or any banks that i can directly work with?

[Thokkalee]

Find a desi lender and ask him to give a pre approval letter.. they will give it to you based on your credit score, which you can pull from a credit report.., they don’t do a credit check.. sky is the limit.. 

Other banks and lenders do a credit check to give a pre approval letter.. 

[praying]

Just now, Thokkalee said:

Find a desi lender and ask him to give a pre approval letter.. they will give it to you based on your credit score, which you can pull from a credit report.., they don’t do a credit check.. sky is the limit.. 

Other banks and lenders do a credit check to give a pre approval letter.. 

uncle how to find a desi lender? How do they benefit if they give them for free?