This Is EXACTLY How Much Home You Can Afford Using A VA Loan with 100K Income

Are you a veteran first time home buyer interested in buying a house using an va loan in the 2024 housing market but unsure how much home you can afford with a 100K salary? How do you calculate your debt to income based on the VA loan requirements for 2024? In this video, we are going to discuss how much you can afford to purchase making 100K income using the latest 2024 VA Loan Requirements, answer some common questions around VA and show you how to do some basic VA calculations with regard to the funding fee.

Other VA videos you may find Helpful:

What is a VA loan? A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs

Check your VA Eligibility -

VA loan requirements 2024

✅Active Duty or Served 90 Continuous Days/Met length of service requirements which is generally 90 days in wartime and 181 days in peacetime/completed 90 days of active duty or 6 creditable years in selected reserve or national guard/surviving spouse of a veteran who died while in service or from a service related disability and have not remarried.
✅ FICO® score at least 580 (there are exceptions but they come with a cost)
✅ No Down Payment Required
✅MIP (Mortgage Insurance Premium ) is NOT required on VA Loans.
✅Debt-to-Income Ratio less than 41%. (Actually you can go much higher than this)
✅Condos have to be VA approved
✅The home must be the borrower's primary residence.
✅Borrower must have steady income and proof of employment.

Jeb Smith (Huntington Beach Realtor/orange county real estate)
DRE 01407449
Real Broker

#housingmarket2024 #RealEstate #VA

[dixielandproductionco.]

Thanks for the notification smashed the thumbs up good stuff

[hattorihanzo]

I make 100k a year and am trying to figure out how much house i can afford and yes I will be using my VA home loan. Veterans United pre-approved me for 450k in early 2023. I have yet to buy. This video is exactly for someone like me. Thank you.

[vitaminwater]

what about making 100k and getting 90% va disability compensation? I do have a 30k car loan though

[joannathatcares]

Hello,
Is it possible to get a FHA loan with high credit score, 20% downpaymant but very low monthly income? I read that they require only 2 years of regular job but not minimum income. Whats true about it?
Can you make a video for single parents who cant yet work full time jobs but get sides jobs and still pay rent higher than other mortgage?
Whats the best option to get kids something that they can call "my home".