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O: 240-479-7658

C: 301-928-8030

F: 443-725-0459

Email: ajaffe@gofirsthome.com

http://www.alexjaffe.com

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FAQ > Qualifying payments > How do we qualify you?

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We look at your gross monthly income and, depending upon your loan program, take a percentage of that amount to determine your maximum debt allowed.  Maximum debt allowed could be anywhere between 36% - 55% of your monthly income. 

 

Debt that is factored in includes:

  • Proposed housing payment
  • Car payments
  • Student loans
  • Other installment loans
  • Credit card minimum payments

Last updated on May 6, 2010 by Alex Jaffe