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Our income is last year was $75,000 but it'll be less this year. We are renting and reside in the same place since 2011.
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Best Expert Answer
Joe Wallace
3 months ago
FICO scores and income are only part of the qualifying criteria for a home loan-your debt-to-income ratio will be examined, along with debt repayment history and the likelihood of your current income to continue. Lender standards will also apply in addition to FHA loan minimum requirements. Your best bet is to talk with a participating lender to discuss getting pre-qualified for a loan amount based on your current information and see what might be possible.
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