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what is the largest amount of loan a person can get?

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troger Joined: 05 Jul 2011 Posts: 2 1.61 Dollars($)	Posted: Tue Jul 05, 2011 1:47 am    Post subject: what is the largest amount of loan a person can get? Like 0 Dislike 0 I want a mortgage loan for my home.
Niicss Joined: 03 Oct 2005 Posts: 4834 Location: New Jersey 508.88 Dollars($)	Posted: Tue Jul 05, 2011 2:08 am    Post subject: Like 0 Dislike 0 You can qualify for a mortgage amount of 80% of the property value. You'll have to provide the rest 20% as down payment. However, getting a mortgage will depend upon your credit record, employment situation as well as your debt to income ratio. _________________ Good is the Enemy of Great.
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Tue Jul 05, 2011 5:00 am    Post subject: Like 0 Dislike 0 Clearly, such an open-ended question is virtually impossible to answer. There are loans made in the millions of dollars quite regularly. One's ability to obtain the mortgage that one needs is based on credit, income, the value of the specific property vis a vis the sales price - hopefully similar; also assets and access to them. It's also possible to obtain a loan for as much as 97% of value if one chooses to obtain an FHA loan, though maximum amounts are limited. There are still private lenders in the market who can provide loans in all sorts of amounts. Pick and choose. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044
eminamysono Guest	Posted: Wed Jul 06, 2011 8:13 am    Post subject: Hello from Newbie Like 0 Dislike 1 Hello, the title might be a little darker than I needed to be, but I feel I just have to share this somehow.i am 20 years old, 5'9'' and 167 lbs today, last August I was about 145 lbs and I thought THAT was huge. I eat junk every day.:)hope to get to know you guys soon!
raymond Community Expert Joined: 03 Jul 2009 Posts: 1189 Location: Irvine, California 27.86 Dollars($)	Posted: Wed Jul 06, 2011 2:38 pm    Post subject: Like 0 Dislike 0 The largest amount you'll receive is based upon your income, employment, credit and assets. The programs that don't require any money down are VA Guaranteed Home Loans and USDA Guaranteed Home Loans . _________________ Raymond Denton www.RaymondDenton.com

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