Question : When I got pre-approved for a home loan I was told I dont qualify for first time homeowner loan?
I was told I make too much. I am the only one in my household and I make approx 55,000.

The website http://www.mnhousing.gov/ …….shows that its 64,800 for the cut off point. Am I missing something? Would a mortage broker lie to me?
homeowner loans

Best answer:

Answer by Lisa L
There are several income computations we have to use for my state’s Bond loans. It could be you make more money in the first few months of the year & your income is being projected. If you think you should qualify, talk to another mortgage company. Just so you know, those programs don’t always have the best rates.