A house on Floyd Street was listed for $349,900.00. Mary the buyer's agent showed John the house on Floyd. John loved the house and made an offer of $353,000,00. The seller accepted John's offer. John is trying to get a Conventional conforming loan, which means John will need to put down 20% of the sale price. John has turned to Mary to ask a few questions and will he qualify for this property? Here is the information John gave Mary: John's Income is $150,000 /year, his debts are $350.00 in school loans per month, $295.00 in a monthly car payment. John has a total of $450.00 (this is his minimum monthly payment) in credit card debt which he pays monthly. John has no alimony, child support or child care expenses. Mary also gathers information from John's lender to figure out the payment for John and if he can qualify for this property. Here is the information Mary gathered John is getting a 30 year fixed loan with an interest rate of 4.5%. The taxes on this property is $4350 per year, his insurance will be $1450 per year. There isn't any PMI. And the HOA fee is $50.00 per month. Modern Pinal Festater Practicen an Chio Eightin Edelton A house on Floyd Street was listed for $349,900.00. Mary the buyer's agent showed John the house on Floyd. John loved the house and made an offer of $353,000,00. The seller accepted John's offer. John is trying to get a Conventional conforming loan, which means John will need to put down 20% of the sale price. John has turned to Mary to ask a few questions and will he qualify for this property? Here is the information John gave Mary: John's Income is $150,000 /year, his debts are $350.00 in school loans per month, $295.00 in a monthly car payment. John has a total of $450.00 (this is his minimum monthly payment) in credit card debt which he pays monthly. John has no alimony, child support or child care expenses. Mary also gathers information from John's lender to figure out the payment for John and if he can qualify for this property. Here is the information Mary gathered John is getting a 30 year fixed loan with an interest rate of 4.5%. The taxes on this property is $4350 per year, his insurance will be $1450 per year. There isn't any PMI. And the HOA fee is $50.00 per month. Modern Pinal Festater Practicen an Chio Eightin Edelton