If you are looking to qualify for a mortgage in Modesto, you probably have several questions. The first question is most likely: Will I qualify? There are several loan calculators available online, however, they don’t really tell you whether or not you will qualify. Further, many of these calculators provide different results and are not clear what is actually included in the numbers they put out.
There are several factors that go into whether or not you will qualify for a mortgage in Modesto. Some of these factors include your income, debt-to-income ratio, the amount you can put down on the property, the type of loan you are applying for, details of the property that you are trying to purchase, and more. It is important that you consider what you can really afford for a payment too.
When you are considering qualifying for a mortgage in Modesto it is best to speak with a loan officer that is experienced in all types of home loans. There are many programs that are available to first-time homebuyers such as FHA loans and downpayment assistance. The knowledgeable and friendly Modesto loan officers at Ability Mortgage can help you on your quest to own a home. Call us today to see what we can do for you.