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Can I have a 600-700 dollar house payment

Would I be able mortgage a house for between 600-700 dollars a month? by Katie Hoover from Lakin, Kansas. Jun 8th 2012 Reply


Mike Purkey (mpurkey)
#1 ranked lender in Kansas - 24 contributions

Katie, with great interest rates we are offering and some good deals on the market, you would be able to get quite a bit of home for $600-$700 per month. We have a loan program that allows for no money down which will work in Lakin. Depending on tax and insurance cost for the specific home you pick out, a house in the $95,000 range with no down payment would run you about $700/month (including the taxes and insurance). The payment on a $75,000 house would be about $600. Best of luck in your seach. We would be glad to help you determine how much you would qualify for. Mike Purkey (316) 259-5862.

Jun 8th 2012
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#0 ranked lender in

Of course. It all depends on where the property is, and what the tax base is in order for you to get the most bang for your buck. Give or take a few bucks, you're looking in the $75 - $80,000 range.

Jun 8th 2012
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 4,620 contributions

YES... .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Jun 8th 2012
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Brian Gates (gatesb)
#23 ranked lender in Kansas - 1 contribution

All other things being equal, you can find a home that will fit your budget. As said before, it will be dependent on the location as to whether a home can be found in your price range and that the 600-700 will fit in your budget, based on lending guidelines.

Jun 8th 2012
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#1 ranked lender in

With all other items meeting lending guidelines yes, yet I would ask does your estimate include your taxes and insurance or just the mortgage payment? Using the higher end (excluding taxes and insurance) you could have a loan balance as high as $140K, if with escrow account then might be able to go as high as $105K. These estimates are based on 80% LTV and a 720 credit score.

Jun 8th 2012
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Jedd Nabonsal (jeddnabonsal)
#451 ranked lender in California - 27 contributions

I just paid off my car last year. The payment was $687. I guess everything is relative. If you pay less for the house, you will pay less to hold on to it on a monthly basis. Like I paid off my car loan, you could eventually pay off this kind of small loan early such as 10 years or less and then you would have NO mortgage payment. Just property taxes and fire insurance Jedd Nabonsal 310 433 1703 jeddnabonsal@gmail.com Pinnacle Bancorp Los Angeles Ca

Jun 9th 2012
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