Your income is a factor, but not the only one. You've found the perfect home. Now it's time to choose the best home loan option. Before any lender says yes, they'll take a hard look at your finances. How big of a down payment do you plan to make? What's your debt situation? What percentage of your monthly income will go to housing expenses? This calculator will help you see whether you make the grade on all three factors.
Lenders look at several financial indicators before approving loans.
Andrews Federal Credit Union is a full-service financial institution with stateside locations in Washington, D.C., Maryland, Virginia and New Jersey, as well as overseas locations in the Netherlands, Belgium and Germany.