How much will the bank give us for a home loan?
My fiance and I are getting married in October. He is getting his PhD and in the process of looking for a job. We do not know for sure how much he will start out making, but we will say $ 80,000 yearly. His credit score is between 750 and 800 and mine is between 700 and 750. We are selling the home we own now and will not make much, if anything, on it. We could put about $ 15,000 down on a house. We have no car payments or credit debt. How much will the bank loan us on a 15 and a 30 year loan and what bank should we go through?
This is out of curiosity, obviously we aren’t going to go to the bank and get a loan when we don’t know where we are moving to yet or how much he will make.