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I would like to purchase a condo, and with my low income ($ 21k) I am wondering if a lender would approve my required 35% front-end ratio for a mortgage. The condo is $ 80k, and I will be making a down payment of around $ 18k-20k. My credit score is 760-777. I have ZERO debt. Would lenders see me as reliable enough to give me a $ 60k loan with a 35% front-end ratio?

2 Thoughts on Would a home lender approve a 35% front-end ratio for a mortgage loan in California?
  1. Reply
    February 16, 2011 at 8:08 am

    you have no worries this is a no brainer

  2. Reply
    Real Estate Guy
    February 16, 2011 at 9:01 am

    you should be able to get the loan.


    with a low income of 21%, your total housing ratio should only be 20% MAX.

    You are setting yourself up for trouble.

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