What can we afford need suggestions?

Question

hi my boyfriend and i are moving really soon. i live in the sacramento area i make alittle over 700 bucks every 2 weeks and my boyfriend gets paid once on the first and again on the 15th and he gets 830 bucks. i want to live in a good area. im tired of living in a trashy area. any suggestions?

Answer 1

How much money do you have for a down payment, how long at your jobs, how's the credit, what other debts do you have?

Do not ever purchase property with someone you do not have a legal relationship (that is not necessarily marriage) with out seeing a Lawyer and having a FIRM document drawn up showing what happens when/if the relationship goes south.  Please do not skip this step.\

If you are speaking of renting then skip my answer.

Answer 2

It costs your nothing to talk with several lenders about qualifying. These yahoo's on here  will only solicit you and make promises they can't keep.  Do yourself a favor and talk directly with lenders. They will need your whole financial picture to give you a firm idea of what you can afford.  

Answer 3

You can afford "not much" on that income.  Sorry, don't have a good answer for you.  $350 a week is only $1,517 per month, and $830 bi-monthly is only $1,660 per month. That's only $3,177 a month.  Depending on your other expenses, your max monthly housing payment is approx $890.  Housing payment includes the Principle, Interest, Taxes and Insurance (PITI) along with HOA fees and MI if you have it.