Can I buy a Home? How much home can I buy?
Many individuals don’t realize that, yes you can buy a home. At Cisneros & Associates we
consider every customer as a capable homebuyer. Our aim is to assist and educate the
future homebuyer on the home purchase process. Cisneros & Associates offers all of our
customers FREE Mortgage Pre-Qualifying, as part of the home buyer education process. It is
our intention to help our customers establish the correct home buying range, so that we can
avoid homebuyer disappointments, stress and loss of valuable time. A few good rules to
remember for FHA Loans:
House payment of principal, interest, taxes and insurance should generally not exceed 29% of gross monthly income.
Monthly housing payment plus your current debts should not exceed 41%.
If interest rates hold at 7.5% for a 30 Year Mortgage, the following Sales Price can be realized:
| Annual Gross Income |
Monthly Gross Income |
29% of Gross Income |
41% of Gross Income |
Maximum Sales Price Allowed |
| $20,000 |
$1,667 |
$483 |
$683 |
$49,000 |
| $30,000 |
$2,500 |
$725 |
$1025 |
$72,500 |
| $40,000 |
$3,333 |
$967 |
$1366 |
$96,700 |
If you are interested in a personalize pre-qualifying report complete the following form:
An Associate will call you soon for your FREE confidential and personalized pre-qualifying
report.
1412 Alameda Drive
Laredo, Texas 78045
Phone: 956-725-0866 (Fax on Demand)
Digital Pager: 1-800-692-0328
E-mail: ralphcis@lmtonline.com