What are the qualifications to purchase a second home? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.

Single people have a tough time buying homes unless they make an above-average salary. Marriage allows a couple to combine their incomes to better afford a home. The first concept for figuring how much home you can afford is pretty simple.

Can I Buy a House with No Money Down? Not everyone will qualify for a zero down payment loan, but in circumstances, you might be able to buy a house with no money down. If you’re a veteran, you might be able to get a VA loan with no down payment from the U.S. Department of Veterans Affairs (VA).

Here's what they're looking for to see if you qualify.. For example, if your loan is $70,000, and the home you are buying is appraised at $100,000, your LTV is.

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Before setting out on your journey to purchase a new home after a separation or divorce, it’s important to save yourself some time and equip yourself with the proper information and documentation. This post will go over the considerations and steps you need to take if you’re looking to buy a home while in the process of getting divorced or after getting your divorce finalized.

You’re tired of renting and you’ve decided that you want to buy a house. The bank has told you that you qualify to buy a home for $300,000. Can you rely on this as the gospel truth? What if the furnace breaks or the roof springs a massive leak? Can you afford to fix it and make your mortgage payment, too?

Buying a home is a long, complicated process. Bankrate has compiled a easy-to- follow step by step process on how to buy a house.

When Can I Buy A Home After A Short Sale I have been very successful in helping countless people get into homes after a short sale. Irregardless if you had a string of missed payments (in order for your lender to consider your situation a hardship), or you maintained a perfect payment history, you can buy another home. If not immediately, for sure within 1 year after your short sale.

Once you’ve done that, you can apply for a loan to find out how much you qualify for with your income. reader question: "How do I figure out how much house I can qualify for when applying for a home loan, based on my income?" This is one of the most common questions we received here at the Home Buying Institute, and it comes in many forms.