Quick Qualifying Chart
Click on the amount of down payment you have available. This can include
other first-time homebuyer assistance programs that you would qualify for as
To provide you with a reasonably accurate idea of what you might
qualify for, click on the correct chart above. These charts assume that
will come from the CalHFA program and buyer down payment. The maximum purchase price
shown below is based upon the combined income of all borrowers and the
combined monthly debt of all borrowers. The purchase price limits shown
below can often be exceeded if the buyer has down payment available, is
able to go "Stated Income," or can qualify for additional first-time
homebuyer assistance programs to combine with the CalHFA.
important thing to note from the chart is that each $10,000 of
additional income increases purchasing power by approximately $60,000.
Perhaps an even more important point to note is that each $100 of
monthly debt payment reduces purchasing power by about $15,000. A
first-time homebuyer who purchases a new car with a $500 monthly payment
has just reduced his or her home purchasing power by about $75,000 (5 x
$15,000). Look below and see what is your price range on this chart.
Time Buyer In San Diego Home Page For Financial
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Brought To You By
Mark Harmon, Realtor ®
CalHFA Preferred Loan Officer
USA Realty and Loans
Brokerage Main Office
3994 Carson St.
San Diego, CA 92117