1. How much of a loan can I qualify for?

That depends on how much income you make and how much debt payments  you have (i.e. credit card, auto, student loans and other recurring debt payments). Your debt to income ratio, (that is the ratio of your total monthly debt payments plus your housing debt obligation divided by your total monthly income) can’t be more than 49%.

2. Can someone else co-sign for me if I don’t qualify on my own?

Yes, lenders allow a co-signer who is qualified to help you get qualify.

3. Am I allowed to receive a gift from my parents to use towards my down payment?

Yes, you are allowed to receive a gift from relatives, there are certain restrictions however on the amount of gift you are allowed to receive and from whom.

4. I just recently started working and I don’t have tax returns to document my income, will I be able to get a loan?

Yes, you can. If you just graduated  from a high school, college or vocational school and can provide a proof in the form of a graduation certificate, you can be approved to get a loan.

5. How much of a down payment do I need in order to get a loan?

You can get a loan with as little as 5% of the purchase price of the property you want to buy.


If you have any additional questions, please contact me at hanikaileh@gmail.com or give me a call at (650) 766-1452