Estimated required salary is based on conservative traditional
underwriting guidelines. If you
do not meet the estimated required salary computed, you should not
assume you will not qualify. Many
factors are involved in a loan approval, including down payment, prior
credit history, and assets, among other things.
DISCLAIMER: The
prequalification figures above are based upon conventional program guidelines. Other loan
programs are available. Calculations by this tool are believed to be accurate, yet are not
guaranteed. Further review is necessary to obtain an exact qualification.
If you have less than 20% equity in your
home, a monthly mortgage insurance payment may be required
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