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Sosa · 01-24-2006, 09:51 AM

Ok my friend and I have the bank telling us two different things about first time home buyer loans. I'm trying to figure out if you have to make less than a certain amount a year to qualify for the first time home buyers rate. She told him they can't make over like $59k or so a year gross. Why would they take teh gross income for figering something like that? I would think they would take the net since you have to pay taxes and everything like that.

Any of you went through this recently?

01-24-2006, 09:51 AM
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	Question for you real estate people. Ok my friend and I have the bank telling us two different things about first time home buyer loans. I'm trying to figure out if you have to make less than a certain amount a year to qualify for the first time home buyers rate. She told him they can't make over like $59k or so a year gross. Why would they take teh gross income for figering something like that? I would think they would take the net since you have to pay taxes and everything like that. Any of you went through this recently?