Annual salary: $ 40,000 ($ 3,333/month)
monthly debt: $ 165 (4.95% debt to income)
credit scores 671-725
$ 25,000 in savings (want to put 10% down and pay closing costs)
never any negative credit, but minimal history. credit accounts only open for about 2 years, never a late payment
I have heard all the guidelines of 2.5 times income and things like that, but i also know that banks will generally lend you alot more than that….so I want to know what you think is the max number that the bank will approve me for???