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Question about buying a second home

I have a question on buying a second home. How much income should I have to buy a second property worth $450k? I pay 2.5k monthly for my current mortgage and I’m not planning to have the first home rented out. I have no debts and pretty good credit. by ryanfischer121 from Berkeley, California. Aug 15th 2022 Reply


Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

Your best answer is to pick up the phone and reach out to a local lender to ask these questions. They will need specific answers about your personal situation to give you accurate answers. This does not need to be a full application. I lend for home loans in MN, WI, IA ND, and SD. Find me at JoeMetzler.com - Cambria Mortgage, NMLS 274132

Aug 15th 2022
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