QUESTION:
Good Day Adam. In the Income Per Property Purchase Matrix, $35,000 yearly household income = $75,000 to $100,00, $55,000 yearly per household = $140,000 to $200,000 FMV, $75,000 yearly per household = $200,000 to $260,000 FMV. What would be the yearly household income for $100,000 to $140,000 FMV?
ANSWER:
The best thing to do would be to check with a loan officer to make sure you have what’s up to date for the average income. The manual was used as an example and changes constantly due to the climate of the market and interest rates.
Again, give a loan officer a quick call and they’ll have your answer for you!
Adam